Zscaler stock price target maintained at $215 by JPMorgan
JPMorgan has kept its $215 price target on Zscaler Inc. (NASDAQ:ZS), the cybersecurity company. The stock was rated as Overweight. A review of the company's valuation suggests it is undervalued at the current price of $177.80, potentially offering upside. Zscaler has shown strong financial performance, with revenue and annual recurring revenue exceeding consensus estimates.
The company reported a 25% year-over-year growth in annual recurring revenue, reaching $3,771 million, surpassing expectations. Analysts responded positively to Zscaler's results, with price targets ranging from $200 to $225. Zscaler also adjusted its guidance for fiscal year 2027, raising expectations for revenue and annual recurring revenue.
These factors combined have led JPMorgan to maintain its price target at $215, seeing room for improvement in the stock's current valuation.
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