Reported about 1 year ago
Despite a 15% drop, Zscaler (NASDAQ: ZS) is expected to rebound following its strong fiscal 2024 third-quarter results that exceeded market expectations. The company reported a 32% revenue increase and an 83% earnings growth, prompting a stock price rise of 17%. With a positive outlook for the year, Zscaler's expanding cloud security platform and AI integration are driving factors for its anticipated growth. Analysts rate the stock as a buy with a median price target of $223, suggesting an 18% upside from current levels.
Source: YAHOO