1 Magnificent Stock Down 57% to Buy During the September S&P 500 Sell-Off
The S 500 generated a return of 15% in the first half of this year, but it recently hit a patch of volatility and is trading 3% below its July peak. The next couple of months could be tricky to navigate with the Federal Reserve set to cut interest rates, and the U.S. presidential election in November.
But history suggests the S 500 always recovers to new highs over the long term, so any further sell-off is probably a buying opportunity. Cybersecurity stocks might be a great place for investors to look, because the threat landscape is growing more treacherous for businesses by the day, which is boosting sales for vendors that can provide the best protection.
Zscaler (NASDAQ: ZS) is one of them. Its stock is trading 57% below its all-time high, which was set during the tech frenzy in 2021, but here's why it might be time to buy for the long term.
Source Fool.com
Zscaler Inc Stock
The stock is one of the favorites of our community with 72 Buy predictions and 1 Sell predictions.
With a target price of 207 € there is a positive potential of 46.35% for Zscaler Inc compared to the current price of 141.44 €.
