In a report released today, Alex Henderson from Needham maintained a Buy rating on Zscaler Inc (NASDAQ: ZS), with a price target of $47.50. The company’s shares opened today at $41.87.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 13.6% and a 53.2% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and Ceragon Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zscaler Inc with a $39.36 average price target, a -6.0% downside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $46 price target.
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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 1.6M.
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Zscaler, Inc. provides cloud-based Internet security platform. It offers security products such as web security, Cloud Sandboxing and firewall, and Zcaler private access. The company also offers Security Cloud, a comprehensive, carrier-grade internet security, and compliance platform.
