Bank of America (NYSE:BAC) Securities analyst Tal Liani reiterated a Buy rating on Zscaler (NASDAQ:ZS) on Friday, setting a price target of $310, which is approximately 10.63% above the present share price of $280.22.
Liani expects Zscaler to post earnings per share (EPS) of -$0.43 for the third quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Moderate Buy rating of shares in Zscaler, with an average price target of $303.1.
The analysts price targets range from a high of $345 to a low of $225.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $176.4 million and a net profit of -$43.85 million. The company's market cap is $38.39 billion.
According to TipRanks.com, Bank of America Securities analyst Tal Liani is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.4% and a 63.33% success rate.
Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.