UPDATE: Stifel Starts Zscaler (ZS) at Buy

January 20, 2022 4:06 PM EST
Get Alerts ZS Hot Sheet
Price: $160.00 +12.57%

Rating Summary:
    27 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 19 | New: 11
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(Updated - January 20, 2022 4:07 PM EST)

Stifel analyst Adam Borg initiates coverage on Zscaler (NASDAQ: ZS) with a Buy rating and a price target of $335.00.

The analyst comments "We are initiating coverage of Zscaler, a leading provider of cloud-delivered security solutions, with a Buy rating and 12-month target price of $335. With secure web gateway roots that provide secure access to the internet and SaaS apps, Zscaler has significantly broadened its platform, offering secure access to internal applications, protecting cloud workloads, and improving the overall user-to-application experience. A key differentiator is Zscaler’s global multi-tenant cloud platform (150+ POPs processing 200 billion+ daily transactions), enabling users to directly connect to apps, thereby improving security (reducing the attack surface/lateral movement) and the user experience (reducing latency)."

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 $253.11 yesterday.

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