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.

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Source Fool.com