In a report issued on February 20, Brad Zelnick from Credit Suisse maintained a Buy rating on Zscaler (ZS), with a price target of $70.00. The company’s shares closed last Monday at $54.51.
According to TipRanks.com, Zelnick is a top 100 analyst with an average return of 19.5% and a 78.2% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and Slack Technologies.
Currently, the analyst consensus on Zscaler is a Moderate Buy with an average price target of $64.86, representing a 14.4% upside. In a report issued on February 14, Robert W. Baird also maintained a Buy rating on the stock with a $65.00 price target.
See today’s analyst top recommended stocks >>
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 2.31M.
Based on the recent corporate insider activity of 78 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.
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. 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.
