Zscaler's investor day resolved prior concerns about relative underperformance and boosted confidence in growth prospects; Citizens raised price target to 265 with an outperform rating.
Jump to any passage
Well, last but not least, let's take a look at "Ze Skeller" this morning. So, let's stick to cybersecurity, identity management, and all that stuff. We use "ZSkiller" every day to access our system.
You have "Citizens" raising its stock price target. So, this is another optimistic view of the cybersecurity sector. Citizens raised its price target for ZSkiller to 265, up from 210.
It maintains an "outperform" rating, which is roughly equivalent to a buy rating.
It refers to ZSkiller's investor day. They said it helped address concerns that had been weighing on the stock because it did not outperform to the same degree as, for example, CrowdStrike and others in this field.
But they said that Investor Day helped to resolve these issues. They have boosted confidence in the company's growth prospects.
Keep in mind that Z-Scler has reaffirmed its guidance for fiscal year 2027. They like it. This indicates that expectations remain in place during any transitions the company goes through.
Therefore, she sees an opportunity here for "Ze Skiller".
What this channel has said about $ZS
Schwab Network has 5 calls on this stock; only the adjacent ones are shown.