RBC Capital analyst Matthew Hedberg maintained a Buy rating on Zscaler (ZS – Research Report) today and set a price target of $265.00. The company’s shares closed yesterday at $241.97.
Hedberg covers the Technology sector, focusing on stocks such as Couchbase, Autodesk, and F5 Networks. According to TipRanks, Hedberg has an average return of 13.5% and a 59.76% success rate on recommended stocks.
Zscaler has an analyst consensus of Strong Buy, with a price target consensus of $264.29, implying a 9.22% upside from current levels. In a report released today, Bernstein also maintained a Buy rating on the stock with a $280.00 price target.
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ZS market cap is currently $35.2B and has a P/E ratio of -210.28.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZS in relation to earlier this year. Most recently, in January 2024, Brown Andrew William Fraser, a Director at ZS sold 5,000.00 shares for a total of $1,102,250.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zscaler (ZS) Company Description:
Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.
Read More on ZS:
- ZS Earnings: Zscaler Declines Despite Better-than-Expected Fiscal Q2 Results
- Zscaler Reports Second Quarter Fiscal 2024 Financial Results
- Options Volatility and Implied Earnings Moves Today, February 29, 2024
- Zscaler (ZS) Q2 Earnings Cheat Sheet
- Zscaler price target raised to $240 from $212 at JPMorgan
