Barclays analyst Saket Kalia raised the firm’s price target on Zscaler (ZS) to $350 from $320 and keeps an Overweight rating on the shares ahead of the earnings report on November 25. The firm expects a “moderate” beat but its channel checks picked up seasonal slowness in fiscal Q1. It sees the potential for a “tactical pullback” in the shares not changing the long-term story.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZS:
- Roth Capital analysts hold an analyst/industry conference call
- Zscaler acquires SPLX, extending Zscaler Zero Trust Exchange platform
- Zscaler unveils new Zscaler Digital Experience innovations
- Zscaler price target raised to $355 from $340 at BofA
- Zscaler’s Strong Market Position and Growth Potential Justify Buy Rating