After Robert W. Baird and Needham gave Zscaler (NASDAQ: ZS) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Daniel Bartus reiterated a Buy rating on Zscaler today and set a price target of $73.00. The company’s shares closed last Monday at $65.18.
Bartus has an average return of 30.0% when recommending Zscaler.
According to TipRanks.com, Bartus is ranked #2747 out of 5994 analysts.
Currently, the analyst consensus on Zscaler is a Moderate Buy with an average price target of $64.00, implying a -2.2% downside from current levels. In a report issued on February 14, Robert W. Baird also maintained a Buy rating on the stock with a $65.00 price target.
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The company has a one-year high of $89.54 and a one-year low of $40.05. Currently, Zscaler has an average volume of 2.14M.
Based on the recent corporate insider activity of 79 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. engages in the provision of cloud-based internet security platform. It operates through the United States and Rest of the World geographical segments. It offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.
