Wedbush Reaffirms Their Buy Rating on Zscaler Inc (ZS)


In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Zscaler Inc (ZS), with a price target of $87. The company’s shares closed yesterday at $74.30, close to its 52-week high of $82.25.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 4.5% and a 55.0% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Tenable Holdings Inc.

Zscaler Inc has an analyst consensus of Moderate Buy, with a price target consensus of $78.

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The company has a one-year high of $82.25 and a one-year low of $30.72. Currently, Zscaler Inc has an average volume of 2.41M.

Based on the recent corporate insider activity of 82 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.

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