Why Zscaler Stock Topped the Market on Thursday
(NASDAQ: ZS) was a fine stock to own on the second-to-last trading day of the week. On Thursday, the cybersecurity company's share price bumped 2.7% higher thanks to bullish new takes from a pair of analysts. By contrast, the S 500 index only inched up by 0.6%.
The first, and most impactful, of these takes was published by Oppenheimer's Ittai Kidron. After market hours on Wednesday, Kidron initiated coverage on Zscaler with a very firm outperform (i.e., buy) recommendation. His price target is $180 per share, implying upside of almost 21% to the current stock price.
The prognosticator's optimistic view on the cybersecurity specialist is based on increased take-up of "zero trust" architectures, a widening channel partner network, and what he describes as "a significant up-sell opportunity with its evolving product portfolio," among other factors.
Source Fool.com
Zscaler Inc Stock
With 67 Buy predictions and 1 Sell predictions Zscaler Inc is one of the favorites of our community.
As a result the target price of 205 € shows a slightly positive potential of 17.13% compared to the current price of 175.02 € for Zscaler Inc.
