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Robert W. Baird Maintains Their Buy Rating on Zscaler Inc (ZS)


Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Zscaler Inc (ZS) today and set a price target of $45. The company’s shares closed on Tuesday at $37.21.

Ruykhaver wrote:

“We continue to view Zscaler as disruptive to legacy on-premise security architectures and a long-term winner in securing cloud.”

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 21.9% and a 69.2% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Proofpoint Inc, and Mimecast Ltd.

Currently, the analyst consensus on Zscaler Inc is a Moderate Buy with an average price target of $44.33.

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The company has a one-year high of $48.24 and a one-year low of $24.76. Currently, Zscaler Inc has an average volume of 1.55M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

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, Inc. provides cloud-based internet security platform. It specializes in Zscaler internet access, threat prevention, data protection, and Zscaler private access. Its services also include enterprise network security which offers integration point positioned in the data path providing secure access to the internet, cloud, and internal applications.