Canaccord Genuity Maintains Buy Rating for Zscaler: Here's What You Need To Know

Canaccord Genuity has decided to maintain its Buy rating of Zscaler ZS and raise its price target from $160.00 to $172.00.

Shares of Zscaler are trading down 0.76% over the last 24 hours, at $141.69 per share.

A move to $172.00 would account for a 21.39% increase from the current share price.

About Zscaler

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.