Zscaler Inc is trading 10.5% up at $154.34 following a bullish analyst upgrade from Guggenheim.
- Guggenheim upgraded the stock to a Buy rating and set a $214 price target, signaling renewed confidence in the company’s market position.
- Investors are reassessing the firm's strong underlying financial results versus its cautious forward guidance, prompting bargain hunters to step in.
- The recovery follows a period of intense volatility where the stock plunged more than 30% after its May 27 earnings report.