Zscaler's Conservative Guidance Sparks Analyst Target Cuts
Wednesday, 4 September 2024, 05:18
Zscaler's Guidance Under Fire
Zscaler (ZS) surprised stakeholders on Wednesday with its weaker-than-expected guidance, raising alarms among analysts. In response to this turn, multiple Wall Street firms have reassessed their price targets for the company, highlighting a cautious outlook for the tech sector.
Analyst Reactions and Market Impacts
- Analyst A has cut the price target from $150 to $130.
- Analyst B reduces its forecast following the company's earnings call.
- Investor confidence wavers as market sentiment begins to shift.
As Zscaler (ZS) navigates these turbulent waters, market observers are keenly watching its next moves, which will be critical in determining its future performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.