Zscaler looks most differentiated relative to current sentiment, says BTIG

BTIG analyst Gray Powell keeps a Buy rating and $258 price target on Zscaler ahead of its results next week as part of a broader research note on cybersecurity names. The firm’s fieldwork on the stock that included discussions with 15 contacts was “positive” and stood out as “most differentiated” to the current negative investor sentiment, the analyst tells investors in a research note. Contacts consistently highlighted favorable demand trends and argued that new offerings in the Secure Service Edge market are not having any impact on Zscaler’s large enterprise target market, the firm added.