JPMorgan analyst Brian Essex initiated coverage of Zscaler with a Neutral rating and $124 price target. The analyst says Zscaler is well positioned to continue to take share as enterprises continue to expand their distributed architecture footprint. However, Zscaler is the most expensive stock within the JPMorgan’s software coverage universe, it notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ZS: