Why Zscaler, Snowflake, and Datadog Surged This Week
Shares of cloud software favorites (NASDAQ: ZS), Snowflake (NYSE: SNOW), and Datadog (NASDAQ: DDOG) were surging this week, up 29%, 10.3%, and 13.2%, respectively, through Thursday trading, according to data provided by S&P Global Market Intelligence.
It was a good week for high-growth cloud software stocks on several fronts. Zscaler made a positive pre-announcement, and a Wall Street analyst issued a note suggesting the optimization in cloud software spending might be coming to an end.
Softer-than-expected inflation readings for April also helped, as these growth stocks are highly sensitive to inflation and interest rates.
Source Fool.com
Zscaler Inc Stock
€164.60
0.230%
The stock is one of the favorites of our community with 53 Buy predictions and 1 Sell predictions.
With a target price of 204 € there is a positive potential of 23.94% for Zscaler Inc compared to the current price of 164.6 €.
