Why Zscaler Stock Was Up on Monday
Shares of (NASDAQ: ZS) were up 4.3% as of 12:21 p.m. ET on Monday after Barclays analysts upgraded the stock to overweight from underweight with a $190 near-term price target.
The stock was crushed last year along with other expensive growth stocks. Zscaler has continued to report robust revenue growth this year, which has sent the stock up 52% year to date.
Cybersecurity threats will continue regardless of how the economy performs, which is why Zscaler reported a 43% year-over-year increase in revenue in the fiscal quarter ending July 31. Cyberattacks are on the rise across every sector of the economy, creating a major tailwind for Zscaler's business.
Source Fool.com
Zscaler Inc Stock
€140.12
0.140%
With 102 Buy predictions and not a single Sell prediction Zscaler Inc is an absolute favorite of our community.
As a result the target price of 235 € shows a very positive potential of 67.71% compared to the current price of 140.12 € for Zscaler Inc.
