Why Zscaler Stock Rocketed Higher This Week

Zscaler stock surged 20.7% this week after Bernstein raised its price target to $298 from $224, citing growing positive sentiment in the cybersecurity sector. The stock is trading at a discount to its historical valuation (25.8x operating cash flow vs. 5-year average of 47.6x), though Wedbush recently lowered its target to $215.