BMO Capital Markets Cuts Zscaler (NASDAQ:ZS) Price Target to $133.00

Zscaler (NASDAQ:ZS – Get Rating) had its price target reduced by analysts at BMO Capital Markets from $145.00 to $133.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 11.32% from the company’s previous close.

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A number of other equities analysts have also recently weighed in on ZS. Scotiabank assumed coverage on shares of Zscaler in a research report on Tuesday, January 17th. They issued a “sector outperform” rating and a $115.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Zscaler in a research report on Tuesday, February 14th. They issued a “neutral” rating and a $148.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Zscaler from $165.00 to $135.00 in a research report on Friday. UBS Group decreased their price objective on shares of Zscaler from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, December 2nd. Finally, Wedbush decreased their price objective on shares of Zscaler from $180.00 to $150.00 in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.44.

Zscaler Trading Down 10.9 %

Shares of NASDAQ ZS traded down $14.65 during trading on Friday, hitting $119.48. 4,563,912 shares of the company traded hands, compared to its average volume of 2,528,963. Zscaler has a 1 year low of $99.64 and a 1 year high of $253.74. The company has a 50-day moving average price of $122.11 and a 200-day moving average price of $139.38. The firm has a market capitalization of $17.23 billion, a P/E ratio of -45.95 and a beta of 0.88. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.64.

Zscaler (NASDAQ:ZS – Get Rating) last announced its quarterly earnings results on…