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

Tipranks - Tipranks - Tue Jun 16, 6:04AM CDT

Wells Fargo analyst Richard Poland maintained a Buy rating on Zscaler yesterday and set a price target of $255.00.

Claim 55% Off TipRanks

According to TipRanks, Poland is an analyst with an average return of -21.3% and a 0.00% success rate. Poland covers the Technology sector, focusing on stocks such as Okta, SailPoint, Inc., and Zscaler.

In addition to Wells Fargo, Zscaler also received a Buy from Needham’s Mike Cikos in a report issued today. However, on June 11, Roth MKM maintained a Hold rating on Zscaler (NASDAQ: ZS).

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Based on Zscaler’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $850.48 million and a GAAP net loss of $13.88 million. In comparison, last year the company earned a revenue of $678.03 million and had a GAAP net loss of $4.13 million

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