Truist lowered the firm’s price target on Zscaler (ZS) to $250 from $350 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results in Security Software. The broader narrative around AI disruption is likely to dominate earnings season as investors seek to separate AI beneficiaries from those at risk, the analyst tells investors in a research note. Truist adds that it favors CrowdStrike (CRWD) and Zscaler as they are set up well for beat and raise and also offer “defensible moats for AI security”.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZS:
- CrowdStrike price target lowered to $550 from $600 at Truist
- Zscaler price target lowered to $265 from $310 at Mizuho
- Zscaler price target lowered to $250 from $300 at KeyBanc
- Shopify, TSMC, Pinterest, NCLH, Zscaler Trending With Analysts
- Zscaler upgraded to Outperform from Market Perform at Bernstein