Entry level $45.75 = Target price $51.74 = Stop loss $44.40
Todays upgrade
Zscaler initiated with a Buy at DA Davidson. DA Davidson analyst Andrew Nowinski initiated coverage of Zscaler (ZS) with a Buy rating and $55 price target. The analyst notes that the company is faced with near-term concerns related to the global macro backdrop and the potential disruption from the recent transition of head of sales change, but he sees its move to the cloud, tailwinds from the Microsoft (MSFT) partnership, SD-WAN adoption, and the growing opportunity in the Public Sector vertical offsetting these issues
Source thefly.com
High short interest of 20.26% which could ignite a rally.
Average analysts recommendation $66 | Overweight.
Company profile
Zscaler, Inc. engages in the provision of cloud-based internet security platform. It operates through the United States and Rest of the World geographical segments. It offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.
Todays upgrade
Zscaler initiated with a Buy at DA Davidson. DA Davidson analyst Andrew Nowinski initiated coverage of Zscaler (ZS) with a Buy rating and $55 price target. The analyst notes that the company is faced with near-term concerns related to the global macro backdrop and the potential disruption from the recent transition of head of sales change, but he sees its move to the cloud, tailwinds from the Microsoft (MSFT) partnership, SD-WAN adoption, and the growing opportunity in the Public Sector vertical offsetting these issues
Source thefly.com
High short interest of 20.26% which could ignite a rally.
Average analysts recommendation $66 | Overweight.
Company profile
Zscaler, Inc. engages in the provision of cloud-based internet security platform. It operates through the United States and Rest of the World geographical segments. It offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.