Zscaler (ZS) stock has hit a 52-week low of $162.85, prompting several analysts, including JP Morgan, Keybanc, Mizuho, and Truist, to cut their price targets despite maintaining bullish ratings. While the stock has seen a significant drop, analysts suggest an average implied upside of 89% from current levels, with many upward revisions to earnings estimates and its underlying business remaining strong. The company also announced a new AI Security Suite and a new EVP to lead its AI security engineering efforts.
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Zscaler (ZS) Stock Hits 52-Week Low as Analysts Cut Price Targets
Zscaler (ZS) stock has hit a 52-week low of $162.85, prompting several analysts, including JP Morgan, Keybanc, Mizuho, and Truist, to cut their price targets despite maintaining bullish ratings. While the stock has seen a significant drop, analysts suggest an average implied upside of 89% from current levels, with many upward revisions to earnings estimates and its underlying business remaining strong. The company also announced a new AI Security Suite and a new EVP to lead its AI security engineering efforts.