🔴 Zscaler Inc is trading 10% down today after reversing gains from Monday’s analyst upgrade

Zscaler Inc is trading 10% down at $140.16 as the stock undergoes a sharp reversal from its June 1 rally triggered by a Guggenheim upgrade.

• The stock had previously jumped to $155.71 after Guggenheim issued a Buy rating with a $214 price target, but it is now retracing those gains.
• With no new company-specific catalysts identified, the downward move appears to be driven by profit-taking and mean reversion following the recent surge.
• The decline stands in contrast to broader markets, which are trading slightly higher, suggesting the pullback is isolated from general sector weakness.