ZS - Zscaler Positioned As A Top Beneficiary In Rapidly Evolving Security Landscape Says Piper Sandler Analyst | Benzinga
Piper Sandler analyst Rob Owens upgraded the shares of Zscaler Inc (NASDAQ: ZS) from Neutral to Overweight and raised the price target from $160 to $190.
The analyst believes the transition to next-generation network security architectures remains nascent, with recent COVID-related increases in remote/hybrid work only serving to galvanize the beginnings of a sizable market.
With Gartner forecasts calling for about 30% CAGR over the next 3 years to reach approximately $16 billion in spend, the opportunity for sustained growth over the coming years from the core ZIA + ZPA ...