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Analysts Offer Insights on Technology Companies: Zscaler (ZS) and Rubrik, Inc. Class A (RBRK)

Tipranks - Tipranks - Tue Jun 16, 9:09AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zscaler (ZS) and Rubrik, Inc. Class A (RBRK) with bullish sentiments.

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Zscaler (ZS)

Scotiabank analyst Patrick Colville reiterated a Buy rating on Zscaler today and set a price target of $175.00. The company’s shares closed last Monday at $130.50.

According to TipRanks.com, Colville is a 4-star analyst with an average return of 5.8% and a 51.0% success rate. Colville covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zscaler with a $196.91 average price target, which is a 51.8% upside from current levels. In a report issued on June 1, Guggenheim also upgraded the stock to Buy with a $214.00 price target.

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Rubrik, Inc. Class A (RBRK)

Scotiabank analyst Joe Vandrick reiterated a Buy rating on Rubrik, Inc. Class A today and set a price target of $95.00. The company’s shares closed last Monday at $68.26.

According to TipRanks.com, Vandrick is a 1-star analyst with an average return of -14.2% and a 22.2% success rate. Vandrick covers the Technology sector, focusing on stocks such as CommVault Systems, AvePoint, and N-able. ;'>

Currently, the analyst consensus on Rubrik, Inc. Class A is a Strong Buy with an average price target of $91.96, implying a 32.2% upside from current levels. In a report issued on June 5, TipRanks – PerPlexity also upgraded the stock to Buy with a $87.00 price target.

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