UPDATE: Mizuho Securities Starts Zscaler (ZS) at Buy, 'Cloud Security Pioneer is Revolutionizing the Game'

April 12, 2021 4:03 PM EDT
Get Alerts ZS Hot Sheet
Price: $165.34 +2.75%

Rating Summary:
    20 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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(Updated - April 12, 2021 4:04 PM EDT)

Mizuho Securities analyst Gregg Moskowitz initiates coverage on Zscaler (NASDAQ: ZS) with a Buy rating and a price target of $217.00.

The analyst comments "In our view, ZS's unique cloud proxy security architecture will enable it to thrive in an increasingly digital-enabled world. We also expect significant improvements in monetization, particularly as newer offerings (namely, ZDX and ZCP) gain traction. Despite a premium valuation, ZS is very well-positioned within cloud security, and we see healthy upside as the co. grows into its opportunity."

For an analyst ratings summary and ratings history on Zscaler click here. For more ratings news on Zscaler click here.

Shares of Zscaler closed at $185.04 yesterday.

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