Investing in the stock market can be a challenging and rewarding experience, but building a successful portfolio takes skill, research, and a bit of luck. Whether you are focused on growth, value, income or momentum, there are many different strategies to consider. One unique stock that could be worth adding to your portfolio is Zscaler (ZS), which was recently upgraded to a Zacks Rank #1.
Zscaler is a leading provider of cloud-based security solutions and has seen 13 analysts revise their earnings estimates upwards for fiscal year 2024 in the last 60 days. The Zacks Consensus Estimate for ZS has also increased to $2.99 per share, with an average earnings surprise of 33.4%. Analysts are forecasting a 67% earnings growth for the current fiscal year and a 32.4% increase in revenue.
What sets Zscaler apart from other stocks is its strong market momentum. Over the past four weeks, Zscaler has outperformed the S&P 500 with a gain of 8.9%. With a #1 (Strong Buy) ranking, positive earnings estimate revisions, and strong market momentum, Zscaler could be a stock that helps you achieve your financial goals, whether that be funding your retirement, saving for your children’s college education or reaching your short- and long-term savings targets.
If you’re looking for more investment recommendations from Zacks Investment Research, you can download their free report on the “7 Best Stocks for the Next 30 Days”. Consider adding Zscaler to your portfolio as a potential investment opportunity for the future.
