5 Most Undervalued Cybersecurity Stocks To Buy According To Analysts

3. Zscaler, Inc. (NASDAQ:ZS)

Number of Q4 2023 Hedge Fund Shareholders: 15

Average Analyst Share Price Target Upside: 31%

Average Analyst Share Price Target: $264

Zscaler, Inc. (NASDAQ:ZS) is a sizeable and diversified cybersecurity company that offers tools to secure private networks, manage platform access, and ensure regulatory compliance. Its shares are rated Strong Buy on average, in a nice addition to the 31% average share price target upside.

Insider Monkey’s fourth quarter of 2023 survey covering 933 hedge funds revealed 15 Zscaler, Inc. (NASDAQ:ZS) shareholders. D. E. Shaw’s D E Shaw owned the biggest stake which was worth $268 million.

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