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KeyBanc Sticks to Their Buy Rating for Zscaler (ZS)

Tipranks - Tipranks - Thu Apr 16, 4:06AM CDT

In a report released today, Eric Heath from KeyBanc maintained a Buy rating on Zscaler, with a price target of $160.00.

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Heath covers the Technology sector, focusing on stocks such as Okta, Netskope, Inc., and Snowflake. According to TipRanks, Heath has an average return of 5.2% and a 49.18% success rate on recommended stocks.

Currently, the analyst consensus on Zscaler is a Strong Buy with an average price target of $229.53.

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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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