Goldman lifts Zscaler target 15% after sharp post-earnings selloff
After Zscaler's 13% post-earnings drop, its worst day in over a year, Goldman Sachs raised its price target to $290, implying 15% upside. The firm said the selloff likely stemmed from uncertainty about Red Canary's contribution, which Zscaler didn't quantify. Retail traders doubled down, calling the reaction excessive despite the company's beat-and-raise quarter.