Cybersecurity company Zscaler Inc (NASDAQ:ZS) is considered a "Top Pick on the Zacks Analyst Blog."
It's also a leader in the SASE (Secure Access Service Edge) market, which is still in its "early innings," according to KeyBanc Capital Markets analyst Eric Heath.
The Zscaler Analyst: Heath upgraded the rating for Zscaler to Overweight, while establishing a price target of $220.
The Zscaler Thesis: The new price target reflects a "modest premium" to the over 20% growth group, Heath said in the upgrade note.
Check out other analyst stock ratings.
The analyst mentioned four reasons for the upgrade:
While the landscape remains competitive, concerns are easing.
The are catalysts to SASE adoption in the near term. "The Ivanti VPN vulnerability exploits, SASE tied #4 priority in our 1Q24 VAR survey (vs. #10 last quarter), and ongoing weakness in firewall suggests network security budgets may orient toward SASE."
The channel and survey feedback during the first quarter has been positive.
The stock is currently trading in-line with the over 20% growth group versus its historical two-year premium.
ZS Price Action: Shares of Zscaler had risen by 2.23% to $176.81 at the time of publication on Thursday.
网络安全公司Zscaler Inc(纳斯达克股票代码:ZS)被认为是 “扎克斯分析师博客上的首选”。
KeyBanc资本市场分析师埃里克·希思表示,它还是SASE(安全访问服务边缘)市场的领导者,该市场仍处于 “初期”。
Zscaler分析师:希思将Zscaler的评级上调至增持,同时将目标股价定为220美元。
Zscaler论点:希思在升级报告中表示,新的目标股价反映了对超过20%的增长群体的 “适度溢价”。
查看其他分析师股票评级。
分析师提到了升级的四个原因:
ZS价格走势:周四发布时,Zscaler的股价上涨了2.23%,至176.81美元。