Zscaler Inc ZS will be unveiling its fourth-quarter earnings soon, with Wall Street anticipating 69 cents in EPS and $567.93 in revenues post-market hours.
The stock has seen a 22.88% rise over the past year but is down 5.83% YTD.
Exploring the current trajectory of Zscaler stock in relation to Wall Street’s projections.
Positive Indicators Drive Zscaler Stock Performance Before Q4 Earnings
Zscaler stock is riding a wave of strong bullish momentum, trading at $199.98 above key moving averages like the five, 20, and 50-day EMAs, reflecting substantial buying activity.
Chart created using Benzinga Pro
The stock maintains its position above crucial moving averages, underscoring a bullish trend.
Chart created using Benzinga Pro
The Moving Average Convergence Divergence (MACD) indicator at 4.38 reinforces the positive outlook for Zscaler. Although the RSI of 63.31 hints at potential overbuying, Zscaler’s stock position within the upper band of the Bollinger Bands (25) range suggests ongoing bullish momentum.
Collectively, technical indicators paint a picture of a strong uptrend for Zscaler.
Read Also: Zscaler’s Annual Ransomware Report Uncovers Record-Breaking Ransom Payment of US$75 Million, Reinforcing the Need for Zero Trust
Analysts Bullish On Zscaler, See Room for Growth
Ratings & Consensus Estimates: Analysts maintain a Buy rating on Zscaler stock with a price target of $224.44. Recent assessments from Barclays, Morgan Stanley, and Cantor Fitzgerald predict a 7.26% upside for Zscaler stock, setting an average price target at $215.
ZS Price Action: Zscaler stock was trading at $199.98 at the time of reporting.
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