J.P. Morgan analyst Brian Essex maintains $Zscaler (ZS.US)$ with a buy rating, and adjusts the target price from $220 to $240.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Zscaler (ZS.US)$'s main analysts recently are as follows:
Ahead of the upcoming earnings report, expectations among investors have been mixed. Analysts believe that the initial forecasts were conservative. The goals for Q1 billings growth are regarded as low. Despite this, the demand continues to remain robust, and the billing trajectory is poised to accelerate, making the outlook through the rest of the fiscal year compelling.
Recent fieldwork involving security space contacts indicates a slight decline compared to the previous quarter, with mixed near-term trends that lean towards caution primarily due to commentary on large deal delays and ongoing headwinds from earlier sales turnover. Partners indicate a stable competitive environment in large enterprise secure service edge deals and generally anticipate Zscaler as continuing its growth in the mid-20's percentile for the next year.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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