Zscaler (ZS) Maintains Overweight Rating as Billings Acceleration Boosts Growth Outlook

Zscaler, Inc. (NASDAQ:ZS) ranks among the best software stocks to buy right now. On August 28, Cantor Fitzgerald restated its Overweight rating on Zscaler, Inc. (NASDAQ:ZS) and maintained its $340 price target for the cybersecurity company’s stock.

The firm’s decision reflects its anticipation of Zscaler’s second-half billings acceleration, which will be driven by increased adoption of the company’s cloud security products, privacy solutions, and artificial intelligence analytics capabilities.

According to Cantor Fitzgerald, Zscaler, Inc. (NASDAQ:ZS) will likely be able to restore its historical position of trading at a premium in comparison to its industry peers owing to the expected performance improvements.

Zscaler, Inc. (NASDAQ:ZS), based in San Jose, California, is a well-known cybersecurity company that offers solutions for securing private networks, managing platform access, and ensuring regulatory compliance.

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Disclosure: None. This article is originally published at Insider Monkey.