Barclays downgrades Tenable Holdings as it repositions for secular growth, raises 'leader' Zscaler
They told investors the firm is upgrading ZS and lifting the price target to $190 from $176 as they like the secular growth in SASE.
"We think there is a growing platform story with ZDX, Zscaler for Workloads, and data protection, some of which are progressing slightly faster than its successful ZPA product – outside of the platform, we also see more room for adoption in US federal with growing demand for zero trust security platforms," the analysts added.
Meanwhile, the analysts lowered the price target for TENB to $47 from $51 per share, stating they are repositioning for more secular growth following the firm's CIO survey.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barclays upgrades this software stock, says it can capitalize on emerging form of cybersecurityThis cybersecurity stock could grow thanks to an emerging cybersecurity system, Barclays says.
Read more »
BRICS Dump $17.4B of US Treasuries in One MonthChina and Brazil, founding BRICS members, and new member Saudi Arabia have been busy selling U.S. Treasury holdings, reports digital economy publication The Daily HODL.
Read more »
Arm Stock Gains Bulls. Why Analysts Are Upbeat.Shares of chip designer Arm Holdings are trading just ahead of the IPO price. A flock of Wall Street analysts are backing the stock to rise from here.
Read more »
Mike Fraser appointed Gold Fields CEOJSE- and NYSE-listed Gold Fields has appointed Mike Fraser CEO and executive director of the company with effect from January 1, 2024. Fraser is currently CEO of Aim-listed Chaarat Gold Holdings. Prior to that, he was president and COO of South32’s key metal businesses.
Read more »