MQG News: Zscaler stock receives upgrade on cybersecurity tailwinds - 13th Dec 2023, 8:57am

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Zscaler (ZS) received an upgrade from Macquarie from "Neutral" to "Outperform," raising the price target from $166 to $231. The cloud developer's stock is up over 88% year-to-date and continues to see an upside as new regulations and increased cybersecurity threats lead to potential growth.

Fred Havemeyer, Macquarie US Head of Software Research, joins Yahoo Finance to discuss the upgrade as well as new regulations from the Securities and Exchange Commission (SEC) that he believes is a "construc...

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