Rosenblatt Securities Maintains Their Hold Rating on Zscaler Inc (ZS)
Rosenblatt Securities analyst Yun Kim maintained a Hold rating on Zscaler Inc (ZS) today and set a price target of $50. The company’s shares closed last Monday at $50.64.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 18.4% and a 69.6% success rate. Kim covers the Technology sector, focusing on stocks such as Manhattan Associates, Mimecast Ltd, and Alteryx Inc.
Zscaler Inc has an analyst consensus of Moderate Buy, with a price target consensus of $63.73, implying a 32.6% upside from current levels. In a report issued on September 11, Barclays also maintained a Hold rating on the stock with a $54 price target.
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The company has a one-year high of $89.54 and a one-year low of $30.72. Currently, Zscaler Inc has an average volume of 2.92M.
Based on the recent corporate insider activity of 92 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.
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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.