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Benzinga
3 days

Zscaler Just Boosted Zero-Trust Lead—AI, Red Canary Deal Add Momentum

1. ZS is positioned well in zero-trust and AI markets. 2. Morgan Stanley upgraded ZS to Overweight, raised target to $320. 3. Gartner forecasts significant SASE adoption growth by 2027. 4. ZS holds 32% of the ZTNA market share, aiding wallet share growth. 5. Despite a 50% year-to-date rise, ZS is aligned with peers.

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FAQ

Why Bullish?

The upgrade from Morgan Stanley and potential market growth positions ZS well. Similar upgrades historically led to price increases, e.g., ZS's previous security partnerships boosting valuation.

How important is it?

The article addresses both current and future market dynamics impacting ZS, emphasizing growth and innovation.

Why Long Term?

The anticipated growth in SASE adoption provides a long-term catalyst, as ZS expands its influence in the zero-trust and MDR space.

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