<2> Bernstein Upgrades Zscaler, Inc. (ZS) to Outperform with a Price Target of $228
<3> Introduction
Zscaler, Inc. (ZS) is a leading cloud-based security company that provides a comprehensive suite of security solutions to protect businesses from cyber threats. Recently, Bernstein, a leading global investment research firm, upgraded ZS to Outperform with a price target of $228. This upgrade is based on the company’s strong growth prospects, expanding customer base, and increasing demand for cloud-based security solutions.
<3> Zscaler’s Growth Prospects
ZS has been experiencing rapid growth in recent years, driven by the increasing adoption of cloud-based security solutions. The company’s cloud-based security platform provides a comprehensive suite of security solutions, including web security, threat protection, and data loss prevention. ZS’s platform is designed to provide real-time threat protection, sandboxing, and advanced threat detection capabilities.
<3> Expanding Customer Base
ZS has been expanding its customer base rapidly, with a strong presence in the enterprise and mid-market segments. The company has a strong track record of acquiring new customers, with a customer acquisition cost that is lower than the industry average. ZS’s expanding customer