Zscaler Inc is trading 10.1% up at $153.84, rebounding strongly after Guggenheim upgraded the stock to 'Buy' from 'Neutral' with a $214 price target.
- The upgrade provides a catalyst for the stock, which sold off sharply last week despite strong Q3 earnings, due to concerns over weaker forward guidance for fiscal 2027.
- The stock is rebounding from a post-earnings low, with some analysts viewing the recent dip as a buying opportunity.