ZS - Zscaler: This Dip Is A Perfect Buying Opportunity (Rating Upgrade)

2024-04-13 00:56:38 ET

Summary

• Zscaler, a cloud-based security provider, has seen its stock price decline despite positive earnings results.
• Upgrading Zscaler to bullish and recommending investors to buy and hold on for a rebound to the $210 level.
• Zscaler has long-term growth potential due to its focus on cloud security, recession-proof demand, and a strong growth/profitability balance.
• Secular tailwinds toward the cloud also give Zscaler the opportunity to take market share from many cybersecurity incumbents.

In my view, investors should fully embrace the volatility that is shaking the markets right now. Though the majority of investors are hooked into interest rate-driven headlines and continued speculation over the pace of rate cuts this year, volatility is also a great time for investors to scoop up big movers in single stock positions....

For further details see: