Why Zscaler Stock Popped Today

Why Zscaler Stock Popped Today

Shares of Zscaler (NASDAQ: ZS) have popped today, up by 6% as of 12:20 p.m. EDT, after the company received a bullish initiation from a Wall Street analyst. RBC Capital kicked off coverage of Zscaler with an outperform rating alongside a $130 price target. Analyst Matthew Hedberg believes that Zscaler is well positioned to disrupt the $20 billion market for legacy cybersecurity services.