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Zscaler price target lowered to $162 from $180 at Morgan Stanley
The Fly

Zscaler price target lowered to $162 from $180 at Morgan Stanley

Morgan Stanley analyst Hamza Fodderwala lowered the firm’s price target on Zscaler to $162 from $180 and keeps an Overweight rating on the shares after the company’s earnings report. While the analyst thinks a "more modest beat & raise should be received well in the current environment," Fodderwala also argues that the multiple "likely takes a hit" following the report.

Published first on TheFly

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