Is Zscaler Stock Heading To $113?

Group 1 - Zscaler (ZS) stock has experienced a significant decline of 23.8%, dropping from $219.67 to $167.36 within a month, with potential for further decline to $113 based on historical performance [2] - The stock has historically shown an average return of 24% in the 12 months following sharp dips, with a peak return of 38% [3][8] - Zscaler has faced six instances of a dip exceeding 30% within 30 days since January 1, 2010, indicating a pattern of volatility [5] Group 2 - The Trefis High Quality (HQ) Portfolio, which includes 30 stocks, has outperformed benchmarks like the S&P 500, achieving over 105% in cumulative return since inception [7] - The median time to peak return after a dip event for Zscaler is 232 days, with a median maximum drawdown of 23% within one year of a dip [8]