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Zscaler Stock Surges on Beat-and-Raise, Bull Notes
ZSZscaler(ZS) Schaeffers Investment Research·2025-03-06 15:34

Group 1 - Zscaler Inc's stock increased by 5.2% to 206.63afterreportingbetter−than−expectedfiscalsecond−quarterresultsandraisingitsfull−yearoutlook[1]−RosenblattSecuritiesupgradedZscaler′sstockfrom"neutral"to"buy"andraiseditspricetargetfrom206.63 after reporting better-than-expected fiscal second-quarter results and raising its full-year outlook [1] - Rosenblatt Securities upgraded Zscaler's stock from "neutral" to "buy" and raised its price target from 190 to 235,with11otherfirmsalsoincreasingtheirpriceobjectives[1]−Thereispotentialforfurtherupgradesas12outof39firmscurrentlyrateZscaleras"hold"orworse,indicatingroomforimprovement[2]Group2−Zscalerisontrackforitsthirdconsecutivedailygainandhasachieveda25235, with 11 other firms also increasing their price objectives [1] - There is potential for further upgrades as 12 out of 39 firms currently rate Zscaler as "hold" or worse, indicating room for improvement [2] Group 2 - Zscaler is on track for its third consecutive daily gain and has achieved a 25% increase over the past six months, with shares bouncing off the 185 level [3] - The stock is approaching its 60-day moving average, which has previously acted as resistance [3] - The options market shows a strong bullish sentiment, with a 50-day call/put volume ratio of 2.99, ranking higher than 96% of annual readings [4] Group 3 - A significant volume of options trading has occurred, with 18,000 calls and 11,000 puts exchanged, which is five times the intraday average volume [4] - The most popular contract being traded is the weekly 3/7 210-strike call, indicating strong interest in bullish positions [4]