Why Zscaler Stock Was a Winner Today
For the second trading day in a row, (NASDAQ: ZS) stock rose in price thanks to a favorable analyst move. This helped the cybersecurity company's shares rise by nearly 3.5% on Monday, a slightly better performance than the 3% gain on Friday.
Today, Zscaler enjoyed a recommendation upgrade from a prognosticator tracking its stock. Piper Sandler's Rob Owens upped his estimation one peg to overweight (buy) from the previous neutral. This was accompanied by a price target increase of nearly 20%, to $190 per share from $160.
The cybersecurity industry as a whole is in a fine position, as it stands to benefit from uptake in next-generation networking services. With increasingly complex networks to operate, there's a growing need for the types of security solutions Zscaler can provide for businesses.
Source Fool.com
Zscaler Inc Stock
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 73.46% compared to the current price of 135.48 € for Zscaler Inc.
