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Wajeeh Khan

KeyBanc Just Upgraded Its Price Target on Zscaler Stock. Here's Why.

ZS Zscaler Keybanc Eric Heath

Zscaler (ZS) stock inched higher on Friday after KeyBanc lifted its price target on the cybersecurity company, citing its leadership in the SASE market. In a research note on Aug. 21, analyst Eric Heath maintained an “Overweight” rating on ZS but upwardly revised his price target to $210, indicating 17% upside from current levels.

KeyBanc’s research report arrives at a time when Zscaler shares are regaining investor interest, currently up more than 45% versus their June low.

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