Shares of Zscaler (NASDAQ: ZS) rose 18.6% in July, according to data from S&P Global Market Intelligence. The company's valuation climbed thanks to favorable coverage from analysts and momentum for the broader market. RBC Capital published a note on Zscaler on July 6, with analyst Matthew Hedberg putting an "outperform" rating on the stock and giving it a one-year price target of $130 per share.
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