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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:
ZS Price Action: Shares of Zscaler had risen by 2.23% to $176.81 at the time of publication on Thursday.
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Posted In: ZS