Zscaler (ZS): New Buy Recommendation for This Technology Giant
In a report released on March 27, Gray Powell from BTIG reiterated a Buy rating on Zscaler, with a price target of $209.00. The company’s shares closed last Friday at $133.16.
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Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, SailPoint, Inc., and Netskope, Inc.. According to TipRanks, Powell has an average return of 5.9% and a 50.92% success rate on recommended stocks.
Zscaler has an analyst consensus of Strong Buy, with a price target consensus of $231.64, which is a 73.96% upside from current levels. In a report released on March 27, Barclays also maintained a Buy rating on the stock with a $180.00 price target.
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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