D.A. Davidson Initiates Coverage on Zscaler with Neutral Rating
D.A. Davidson has officially launched coverage of cybersecurity firm Zscaler (ZS) with a Neutral rating and a price target of $125. While the analyst acknowledges Zscaler's position as a market leader in the Secure Access Service Edge (SASE) sector, the neutral stance suggests a cautious outlook on near-term valuation or growth momentum. Following the announcement, Zscaler shares saw marginal gains during premarket trading. The initiation of coverage provides institutional context for investors monitoring the company's performance within the competitive cybersecurity landscape.