Merrill Lynch Stick to Their Buy Rating for Zscaler Inc

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Merrill Lynch analyst Daniel Bartus reiterated a Buy rating on Zscaler (NASDAQ:ZS) Inc on Thursday, setting a price target of $155, which is approximately 15.51% above the present share price of $134.19.

Bartus expects Zscaler Inc to post earnings per share (EPS) of -$0.15 for the third quarter of 2020.

The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Zscaler, with an average price target of $151.87.
The analysts price targets range from a high of $198 to a low of $102.

In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $110.52 million and a net profit of -$20.51 million. The company’s market cap is $17.51 billion.

According to TipRanks.com, Merrill Lynch analyst Daniel Bartus is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 79.0% and a 77.78% success rate.

Zscaler, Inc. engages in the provision of cloud-based internet security platform. It operates through the United States and Rest of the World geographical segments. It offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.

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