RBC Capital analyst Matthew Hedberg maintained a Buy rating on Zscaler (NASDAQ:ZS) on Wednesday, setting a price target of $408, which is approximately 28.22% above the present share price of $318.21.
Hedberg expects Zscaler to post earnings per share (EPS) of -$0.59 for the fourth quarter of 2021.
The current consensus among 27 TipRanks analysts is for a Moderate Buy rating of shares in Zscaler, with an average price target of $391.3.
The analysts price targets range from a high of $440 to a low of $266.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $197.07 million and a net profit of -$67.4 million. The company's market cap is $44.57 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.3% and a 58.82% 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.