Merrill Lynch analyst Tal Liani maintained a Buy rating on Zscaler (NASDAQ:ZS) on Tuesday, setting a price target of $260, which is approximately 48.41% above the present share price of $175.19.
Liani expects Zscaler to post earnings per share (EPS) of -$0.50 for the second quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Strong Buy rating of shares in Zscaler, with an average price target of $238.65.
The analysts price targets range from a high of $260 to a low of $215.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $157.04 million and a net profit of -$53.9 million. The company's market cap is $23.82 billion.
According to TipRanks.com, Merrill Lynch analyst Tal Liani is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.1% and a 58.33% 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.