Zscaler (ZS) PT Raised to $85 at BofA Securities
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Price: $224.44 -0.29%
Rating Summary:
44 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
Rating Summary:
44 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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BofA Securities analyst Daniel Bartus raised the price target on Zscaler (NASDAQ: ZS) to $85.00 (from $74.00) while maintaining a Buy rating.
- 3Q20 results scheduled for 5/28.
- Raise estimates, but believe the buy-side may be higher.
- Specifically, we now model 3Q/FY20 billings at $112mn/$505mn, but we think investors are likely looking for $120mn+/$520mn+, .based on our conversations.
- heightened expectations a risk, but FY21 set-up remains compelling
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