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New Buy Rating for Zscaler (ZS), the Technology Giant

Tipranks - Tipranks - Fri Mar 27, 6:56AM CDT

In a report released today, Junaid Siddiqui from Truist Financial reiterated a Buy rating on Zscaler, with a price target of $250.00.

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According to TipRanks, Siddiqui is a 3-star analyst with an average return of 4.4% and a 45.00% success rate. Siddiqui covers the Technology sector, focusing on stocks such as Okta, CrowdStrike Holdings, and Check Point.

In addition to Truist Financial, Zscaler also received a Buy from Oppenheimer’s Ittai Kidron in a report issued on March 10. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Zscaler (NASDAQ: ZS).

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Based on Zscaler’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $815.75 million and a GAAP net loss of $34.31 million. In comparison, last year the company earned a revenue of $647.9 million and had a GAAP net loss of $7.72 million

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