Zscaler Inc (ZS) Initiated with a Buy at Wedbush

Zscaler Inc (NASDAQ: ZS) received a Buy rating and a $48 price target from Wedbush analyst Daniel Ives today. The company’s shares opened today at $36.78.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zscaler Inc with a $43.56 average price target, which is a 18.4% upside from current levels. In a report released yesterday, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $45 price target.

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The company has a one-year high of $48.24 and a one-year low of $24.76. Currently, Zscaler Inc has an average volume of 1.49M.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.

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Zscaler, Inc. provides cloud-based internet security platform. It specializes in Zscaler internet access, threat prevention, data protection, and Zscaler private access. Its services also include enterprise network security which offers integration point positioned in the data path providing secure access to the internet, cloud, and internal applications.