Benzinga | Sep 7, 2021 01:43PM EDT

Where Zscaler Stands With Analysts

Zscaler (NASDAQ:ZS) has observed the following analyst ratings within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 6 6 1 0 0Last 30 Days 0 1 0 0 01 Month Ago 0 2 0 0 02 Months Ago 4 1 1 0 03 Months Ago 2 2 0 0 0

These 13 analysts have an average price target of $268.85 versus the current price of Zscaler at 284.925, implying downside.

Below is a summary of how these 13 analysts rated Zscaler over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 18.39% over the past month.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.