Guggenheim upgraded Zscaler (ZS) to Buy from Neutral, setting a $214 price target. The upgrade follows a post-earnings drop after ZS guided FY2027 revenue and ARR growth below analyst expectations. Guggenheim cited a rich pipeline of large deals and sees the stock near its intrinsic value.
Guggenheim's upgrade of Zscaler to 'Buy' suggests a positive outlook on the cybersecurity firm's future prospects, despite recent conservative guidance. The firm's analysis of Zscaler's pipeline and its position in the SASE and SSE markets indicates potential for significant growth and a belief that the stock is currently undervalued. This contrasts with some other analysts who have lowered their price targets following Zscaler's earnings report.
Guggenheim's upgrade of Zscaler to 'Buy' suggests a positive outlook on the cybersecurity firm's future prospects, despite recent conservative guidance. The firm's analysis of Zscaler's pipeline and its position in the SASE and SSE markets indicates potential for significant growth and a belief that the stock is currently undervalued. This contrasts with some other analysts who have lowered their price targets following Zscaler's earnings report.