Zscaler initiated at Neutral following its recent outperformance: B. Riley

1 hour ago 1
Zscaler HQ campus building in Silicon Valley

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Zscaler (NASDAQ:ZS) received a Neutral rating as B. Riley Securities initiated coverage, which noted that although the cybersecurity firm has recently outperformed its peers, investors should wait before buying.

B. Riley also set a $275 price target on the stock.

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