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Added to YB: 2024-10-07

Pitch date: 2024-10-05

ZS [bullish]

Zscaler, Inc.

+15.89%

current return

Author Info

No bio for this author

Company Info

Zscaler, Inc. operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

Market Cap

$28.2B

Pitch Price

$173.39

Price Target

213.50 (+6%)

Dividend

N/A

Sector

Software

Category

growth

Zscaler (ZS) Sets Up for a Re-Rating: Best-in-Class Product and Billings Momentum Could Propel Shares Higher

ZS: Infra SaaS play with potential for 22% upside. 19.5% 2yr billings CAGR expected. Positive rev revisions, 41% below 5yr avg EV/rev mult. RSI 46, high beta. Conserv. FY26 rev $3.1B, 11.5x EV/rev multiple = $213.5 PT. Risks: billings growth, mgmt messaging. Key levels: 100d MA $180.5, 50d $177, 200d $195.

Read full article (3 min)