Deutsche Bank analyst Brad Zelnick lowered the firm’s price target on Zscaler to $190 from $215 and keeps a Buy rating on the shares. The company reported "relatively solid" fiscal Q1 results, but the magnitude of the beat and fiscal year guidance raise underwhelmed versus the prior cadence, "though is understandable given widely acknowledged macro deterioration," Zelnick tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ZS:
- Zscaler price target lowered to $165 from $175 at Mizuho
- Zscaler price target lowered to $185 from $225 at Citi
- Zscaler price target lowered to $143 from $160 at Barclays
- Zscaler price target lowered to $145 from $175 at Piper Sandler
- ZScaler Shares Plunge despite Solid Quarterly Results and Outlook
