Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
IPO Year: 2018
Exchange: NASDAQ
Website: zscaler.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/8/2024 | $180.00 | Neutral | Exane BNP Paribas |
| 9/4/2024 | $195.00 | Buy → Neutral | BofA Securities |
| 9/4/2024 | $208.00 → $197.00 | Outperform | BMO Capital Markets |
| 7/23/2024 | Mkt Perform | Raymond James | |
| 7/16/2024 | $220.00 | Outperform → Neutral | Mizuho |
| 6/14/2024 | $208.00 | Outperform | BMO Capital Markets |
| 6/14/2024 | $205.00 → $230.00 | Neutral → Overweight | JP Morgan |
| 5/28/2024 | $275.00 → $182.00 | Overweight → Equal Weight | Wells Fargo |
| 5/28/2024 | $190.00 | Buy → Neutral | Rosenblatt |
| 4/18/2024 | $220.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced the industry's first Zero Trust Segmentation solution to provide a more secure, agile and cost-effective means to connect users, devices, and workloads across and within globally distributed branches, factories, campuses, data centers, and public clouds. While traditional networks, including SD-WAN and site-to-site VPN, have extended enterprise connectivity to branches and clouds, they have also inadvertently accelerated the spread of ransomware. Although firewalls are used to do segmentation on networks, they add complexity, increase costs, and fail to provide adeq
SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, will release first quarter fiscal year 2025 earnings after the market closes on Monday, December 2, 2024. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Date:Monday, December 2, 2024Time:1:30 p.m. PTWebcast:https://ir.zscaler.comDial-in:To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call. Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time.
LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Today at Oktane2024, Zscaler and Okta announced four new integrations designed to accelerate their mutual customers' zero trust transformation. By delivering end-to-end, context-aware security, Okta and Zscaler are helping customers reduce risk, improve the user experience, and enable cross-domain response through shared telemetry and threat intelligence. "The integrations announced today significantly deepen our collaboration with Okta and our commitment to keeping our customers secure," said Amit Raikar, Vice President, Technology Alliances and Business Development, Zscaler. "Together, we are focused on helping customers strengthen their ze
Key Findings: Mobile remains a top threat vector, with 111% growth in spyware and 29% growth in banking malwareTechnology, education, and manufacturing sectors continue to be most susceptible to attacksThe United States remains the top target for IoT, OT, and mobile cybersecurity attacks SAN JOSE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today published its Zscaler ThreatLabz 2024 Mobile, IoT, and OT Threat Report, which offers an overview of the mobile and IoT/OT cyber threat landscape from June 2023 through May 2024. The findings in this report stress the urgency for organizations to reevaluate and secure mobile devices, IoT
SAN JOSE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that the Zscaler Zero Trust Exchange™ cloud security platform has surpassed half a trillion daily transactions which is nearly 60 times greater than the total number of Google searches per day. This milestone underscores the unparalleled scalability, resilience, and trust customers have placed in the Zscaler platform, which enables organizations to secure users and applications, simplify operations, and advance their business. By extracting security signals from the half a trillion daily transactions and analyzing them with advanced AI models in real-time, Zscaler ha
SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced the appointment of Adam Geller as Chief Product Officer to scale and accelerate the company's next phase of innovation and growth. "I am truly excited to have Adam join us as we expand Zscaler's product suite to support our rapidly growing business and customer base," said Jay Chaudhry, CEO, Chairman, and Founder of Zscaler. "Adam was an integral part of the growth at Exabeam as CEO and prior to that as the Chief Product Officer he drove the development of their cloud-scale security operations platform. His extensive and proven security product and engineering e
SAN JOSE, Calif. and LAS VEGAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- (Fal.Con 2024) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced a new set of AI and Zero Trust integrations with the CrowdStrike Falcon® cybersecurity platform to advance security operations. The latest integrations with Zscaler Zero Trust Exchange™ Platform, Zscaler Data Fabric for Security, and CrowdStrike Falcon® Next-Gen SIEM modernize security operations to provide advanced threat detection, response, and risk management. Security operations center (SOC) teams are under constant pressure to assess and manage risks, detect threats early, and respond swiftly to security incidents–all while fac
Fourth Quarter Highlights Revenue grows 30% year-over-year to $592.9 millionCalculated billings grows 27% year-over-year to $910.8 millionDeferred revenue grows 32% year-over-year to $1,895.0 millionGAAP net loss of $14.9 million compared to GAAP net loss of $30.7 million on a year-over-year basis Non-GAAP net income of $140.6 million compared to non-GAAP net income of $100.9 million on a year-over-year basis SAN JOSE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2024. "We ended a successful Fiscal 2024 with Q4 results exceeding the high e
SAN JOSE, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that the company is scheduled to present at upcoming investor conferences. Details for each event are as follows: Citi Global TMT Conference in New York CityThursday, September 5th, 20248:40 a.m. PT (11:40 a.m. ET) Goldman Sachs Communacopia + Technology Conference in San FranciscoWednesday, September 11th, 20249:30 a.m. PT (12:30 p.m. ET) Wolfe Research TMT Conference in San FranciscoWednesday, September 11th, 20241x1 Investor Meetings Sessions which offer a webcast will be available on the "Events & Presentations" section of the Zscaler Investor Relations websi
SAN JOSE, Calif., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, will release fourth quarter and fiscal year 2024 earnings after the market closes on Tuesday, September 3, 2024. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Date:Tuesday, September 3, 2024Time:1:30 p.m. PTWebcast:https://ir.zscaler.comDial-in:To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call. Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time.
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Exane BNP Paribas initiated coverage of Zscaler with a rating of Neutral and set a new price target of $180.00
BofA Securities downgraded Zscaler from Buy to Neutral and set a new price target of $195.00
BMO Capital Markets reiterated coverage of Zscaler with a rating of Outperform and set a new price target of $197.00 from $208.00 previously
Raymond James initiated coverage of Zscaler with a rating of Mkt Perform
Mizuho downgraded Zscaler from Outperform to Neutral and set a new price target of $220.00
BMO Capital Markets reiterated coverage of Zscaler with a rating of Outperform and set a new price target of $208.00
JP Morgan upgraded Zscaler from Neutral to Overweight and set a new price target of $230.00 from $205.00 previously
Wells Fargo downgraded Zscaler from Overweight to Equal Weight and set a new price target of $182.00 from $275.00 previously
Rosenblatt downgraded Zscaler from Buy to Neutral and set a new price target of $190.00
KeyBanc Capital Markets upgraded Zscaler from Sector Weight to Overweight and set a new price target of $220.00
SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, will release first quarter fiscal year 2025 earnings after the market closes on Monday, December 2, 2024. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Date:Monday, December 2, 2024Time:1:30 p.m. PTWebcast:https://ir.zscaler.comDial-in:To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call. Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time.
Fourth Quarter Highlights Revenue grows 30% year-over-year to $592.9 millionCalculated billings grows 27% year-over-year to $910.8 millionDeferred revenue grows 32% year-over-year to $1,895.0 millionGAAP net loss of $14.9 million compared to GAAP net loss of $30.7 million on a year-over-year basis Non-GAAP net income of $140.6 million compared to non-GAAP net income of $100.9 million on a year-over-year basis SAN JOSE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2024. "We ended a successful Fiscal 2024 with Q4 results exceeding the high e
SAN JOSE, Calif., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, will release fourth quarter and fiscal year 2024 earnings after the market closes on Tuesday, September 3, 2024. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Date:Tuesday, September 3, 2024Time:1:30 p.m. PTWebcast:https://ir.zscaler.comDial-in:To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call. Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time.
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, July 24, 2024 /PRNewswire/ -- USA News Group – The telecom market just witnessed a security breach nightmare, with the data (records of calls and texts) of nearly all customers of a giant getting stolen by hackers. The incident in question involved AT&T Inc. (NYSE:T), which immediately issued a press release to address the situation, pointing towards the probability that the hackers illegally downloaded the data from a third-party cloud platform. In this case, the data stolen was from 2022, representing a massive data breach done in the future. The implication is that security methods implemented today, could impact
Third Quarter Highlights Revenue grows 32% year-over-year to $553.2 millionCalculated billings grows 30% year-over-year to $628.0 millionDeferred revenue grows 34% year-over-year to $1,577.0 millionGAAP net income of $19.1 million compared to GAAP net loss of $46.0 million on a year-over-year basis Non-GAAP net income of $139.8 million compared to non-GAAP net income of $74.6 million on a year-over-year basis SAN JOSE, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced financial results for its third quarter of fiscal year 2024, ended April 30, 2024. "We delivered an outstanding quarter driven by growing customer interest in
SAN JOSE, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, announced that Persistent Systems, a global organization delivering digital engineering enterprise modernization services and solutions, is leveraging the Zscaler Zero Trust ExchangeTM cloud security platform to drive its zero trust initiatives while concurrently expanding its business operations and achieving their environmental sustainability objectives. One of the fastest-growing IT services brands, Persistent sought a partner that not only had the trusted technology to support its digital transformation but also shared its environmental, social and governance corporate values.
SAN JOSE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, will release third quarter fiscal year 2024 earnings after the market closes on Thursday, May 30, 2024. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Date:Thursday, May 30th, 2024Time:1:30 p.m. PTWebcast:https://ir.zscaler.comDial-in:To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call. Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast
SAN JOSE, April 11, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced they have signed an agreement to acquire Airgap Networks, the leader in cybersecurity solutions for business-critical networks. Combining Zscaler's Zero Trust SD-WAN and Airgap Networks' agentless segmentation technology will transform how enterprises implement Zero Trust Segmentation to IoT/OT devices, and critical infrastructure across branches, campuses, factories, and data centers, including east-west connectivity. Traditional NAC and network-based firewalls that use static Access Control Lists (ACLs) to control east-west traffic were not designed to prevent sophistica
Second Quarter Highlights Revenue grows 35% year-over-year to $525.0 millionCalculated billings grows 27% year-over-year to $627.6 millionDeferred revenue grows 35% year-over-year to $1,502.2 millionGAAP net loss of $28.5 million compared to GAAP net loss of $57.5 million on a year-over-year basis Non-GAAP net income of $121.1 million compared to non-GAAP net income of $57.6 million on a year-over-year basis SAN JOSE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced financial results for its second quarter of fiscal year 2024, ended January 31, 2024. "We delivered strong Q2 results, with billings, revenue and operat
SAN JOSE, Calif., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, will release second quarter fiscal year 2024 earnings after the market closes on Thursday, February 29, 2024. The company will host an investor conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Date:Thursday, February 29, 2024Time:1:30 p.m. PTWebcast:https://ir.zscaler.comDial-in:To join by phone, register at the following link: Click Here. After registering, you will be provided with a dial-in number and a personal PIN that you will need to join the call. Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A l
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SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced the appointment of Adam Geller as Chief Product Officer to scale and accelerate the company's next phase of innovation and growth. "I am truly excited to have Adam join us as we expand Zscaler's product suite to support our rapidly growing business and customer base," said Jay Chaudhry, CEO, Chairman, and Founder of Zscaler. "Adam was an integral part of the growth at Exabeam as CEO and prior to that as the Chief Product Officer he drove the development of their cloud-scale security operations platform. His extensive and proven security product and engineering e
SAN JOSE, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced the appointment of James Beer to its Board of Directors and also to the audit committee of the Board of Directors. Following the appointment of Mr. Beer, the Zscaler board of directors consists of eight members. "Mr. Beer brings extensive expertise in leading complex finance organizations at large-scale enterprises across multiple industries and will be a valuable asset in helping advance Zscaler's long-term vision and growth strategy," said Jay Chaudhry, CEO, Chairman and Founder, Zscaler. "As we continue to advance our leadership in helping organizations navigate t
SAN JOSE, Calif., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced the expansion of its go-to-market executive team to scale and accelerate the company's next phase of growth. Mike Rich has been appointed as the company's Chief Revenue Officer (CRO) and President of Global Sales, with worldwide responsibility for all aspects related to revenue growth and sales strategy. Joyce Kim has joined as Chief Marketing Officer (CMO) responsible for scaling global marketing execution. "We are thrilled to have such experienced leaders join us at an important stage in our growth as we continue to scale up our go-to-market efforts," said Jay Cha
SAN JOSE, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, reinforces its investments in Artificial Intelligence (AI) with the appointments of two of the industry's top innovation and tech implementation leaders to further strengthen the Zero Trust Exchange™ cloud security platform. Working in collaboration, Claudionor Coelho Jr. joins as Chief AI Officer and Mohamed Shabar joins as EVP, Data & AI Platforms. These strategic additions to the Zscaler executive team reinforce the company's commitment to driving rapid innovation in advanced applied Machine Learning (ML), and AI to help define the future of cloud-based security technologies. "W
SAN JOSE, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that Syam Nair has been appointed as the company's Chief Technology Officer and EVP of Research and Development. In this role, Nair will be responsible for driving the research and development engines to expand Zscaler's Zero Trust Exchange platform, accelerate AI/ML innovations, and further scale the largest security cloud in the world. Nair will join Zscaler's senior executive team on May 24, 2023. "I am excited to welcome Syam to the Zscaler's leadership. He has real-world experience in leading and scaling engineering and product development teams that accelerate
SAN JOSE, Calif., March 10, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that Karl Soderlund has been appointed as the company's Senior Vice President, Worldwide Partners, and Alliances. In his role at Zscaler, Soderlund will be responsible for advancing and modernizing the Zscaler partner program by developing and executing a competitive go-to-market strategy, and leading a world-class channel team. "As the leader in cloud security, Zscaler continues to become a destination for top talent," said Dali Rajic, Chief Operating Officer, Zscaler. "Karl's deep partner expertise and proven track record with the execution of highly strategic
SAN JOSE, Calif., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that Amit Sinha has accepted a CEO position at a privately-held technology company and will resign from Zscaler effective October 21, 2022. Dr. Sinha will continue his role as a member of the company's Board of Directors. Functions of R&D, Cloud Operations and Customer Support that reported to Dr. Sinha will now report directly to Jay Chaudhry, Chairman and CEO. "I'd like to thank Amit for his outstanding contributions to Zscaler over the past 12 years in multiple roles including most recently as President. His technical brilliance and people leadership has help
Rajic adds significant operational and go-to-market experience amid company growth plans Hyperscience, the Human Centered Automation company, today announced the appointment of Dali Rajic to the Board of Directors. In close partnership with the executive leadership team and full Board, Rajic will provide guidance to help differentiate Hyperscience's proprietary AI and Machine Learning technology, aimed at driving repeatable revenue and operational growth strategies. "Dali's background, experience and history of operational excellence will provide invaluable input for us in this next leg of our company's journey," said Charlie Newark-French, Interim Chief Executive Officer of Hyperscience.
SAN JOSE, Calif., May 02, 2022 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that Brendan Castle has been appointed Chief People Officer. Castle will lead the company's global People and Culture organization, including talent acquisition, learning and development, internal business partners, diversity, equity and inclusion, and our workplace experience. With 30 years of senior management and employee operations experience at large-scale organizations, Castle brings expertise to all aspects of the ZscalerTM People and Culture function, including building highly motivated, productive teams, and implementing modern employee programs. "I would fi
SAN JOSE, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced the appointment of Eileen Naughton to its board of directors, increasing the board size to eight. "Eileen's expertise in fostering company culture for large-scale technology and media organizations will be a valuable asset in helping advance Zscaler's long-term vision and growth strategy," said Jay Chaudhry, CEO, chairman and founder, Zscaler. "We are committed to attracting and appointing leaders to Zscaler's board of directors from varying experiences and diverse backgrounds. Eileen's unique qualifications will bring in new perspectives and help us achieve our
Raymond James analyst Adam Tindle initiates coverage on Zscaler (NASDAQ:ZS) with a Market Perform rating.
The drive for consolidation is evident: with cybersecurity threats becoming more frequent and severe, companies and governments are compelled to bolster their defenses. As large IT firms and private equity investors snap up cybersecurity specialists, the industry is poised for significant growth and transformation. Google’s acquisition of Wiz is a major step in this direction, heralding a future where cybersecurity giants dominate the field, offering more robust and integrated protection solutions. Google’s Wiz Acquisition Could Trigger A Consolidation Wave Google parent Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) $23 billion acquisition of Wiz is shaking up the cybersecurity landsc
Zscaler (NASDAQ:ZS) has outperformed the market over the past 5 years by 5.14% on an annualized basis producing an average annual return of 18.31%. Currently, Zscaler has a market capitalization of $29.43 billion. Buying $100 In ZS: If an investor had bought $100 of ZS stock 5 years ago, it would be worth $231.77 today based on a price of $194.69 for ZS at the time of writing. Zscaler's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an ed
33 analysts have shared their evaluations of Zscaler (NASDAQ:ZS) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 16 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 1 0 0 2M Ago 8 13 6 0 0 3M Ago 1 2 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $227.64, a high estimate of $290.00, and a low estimate of $180.00. A negative shift in sentiment is
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Evercore ISI Group analyst David Palmer downgraded Starbucks Corporation (NASDAQ:SBUX) from Outperform to In-Line, while cutting the price target from $92 to $80. Starbucks shares fell 2.8% to settle at $72.75 on Monday. See how other analysts view this stock. See how other analysts view this stock. Piper Sandler analyst Peter Keith downgraded the rating for Dollar Tree, Inc. (NASDAQ:DLTR) from Overweight to Neutral, while lowering the price target from $143 to $112. Dollar Tree shares
Mizuho analyst Gregg Moskowitz downgrades Zscaler (NASDAQ:ZS) from Outperform to Neutral and maintains the price target from $220 to $220.
Move over, Apple Inc (NASDAQ:AAPL). Microsoft Corp (NASDAQ:MSFT) is having its “iPhone moment.” That’s according to Wedbush Securities’ Daniel Ives, who called this the dawn of a new era for the tech giant. As the AI revolution gains momentum, Ives and other analysts predict a monumental boost to Microsoft’s valuation, adding a whopping $1 trillion to its market cap. Shift To Software Phase With the Q2 earnings season upon us, Ives says “expect tech stocks to be up another 15% for the year.” He sees this propelled not by multiples but by accelerating growth and earnings. The AI revolution is the driving force behind this transformation, with cloud deployments and enterprise AI s
Deep-pocketed investors have adopted a bullish approach towards Zscaler (NASDAQ:ZS), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ZS usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Zscaler. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 44% leaning bullish and 33% bearish. Among these notable options, 2 are puts,