UPDATE: Morgan Stanley Upgrades Zscaler (ZS) to Overweight

January 18, 2022 3:00 AM EST
Get Alerts ZS Hot Sheet
Price: $142.13 +7.20%

Rating Summary:
    27 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 13
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(Updated - January 18, 2022 4:55 AM EST)

Morgan Stanley analyst Keith Weiss upgraded Zscaler (NASDAQ: ZS) from Equalweight to Overweight with a price target of $325.00 (from $330.00).

The analyst comments "Zscaler is a key enabler of modernizing security architectures for the Cloud. Our checks suggest a strong pipeline of larger deals in '22. While high multiple stocks are tough right now, we think ZS can outperform given potential for accelerating rev growth and significant upside to fwd estimates."

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 $254.74 yesterday.


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