Zscaler (ZS), for example, was a ‘buy’ months ago
See Top Wall Street analysts believe in the potential of these stocks despite macro woes
In fairness to the “top Wall Street analyst” mentioned, JP Morgan’s Brian Essex only moved the price target from 275 to 292 after Zscaler’s better than expected earnings. The current stock price is 303.
This begs the question, is the MSfM simply eyeball harvesting? Ah, yeah. Per usual. They will tramp out any headline in order to get your eyeballs. Take the ball and run with it, so to speak. It’s pretty comical.
Of course, Zcaler will probably go higher from here because… momentum. Because… Cramer TeeVee viewers. Because… I sold it.
But it does not change the fact that the MSfM is touting something that was a buy in April, not June. Including this stock which is priced well above the analyst’s target, is daffy to put it kindly. It’s blatant click-baiting to put it accurately. It’s also annoying. But then again, I’ve been annoyed by the MSfM for well over 2 decades now.
For “best of breed” top-down macro analysis and market strategy covering Precious Metals, Commodities, Stocks and much more, subscribe to NFTRH Premium, which includes a comprehensive weekly market report, detailed NFTRH+ updates and chart/trade setup ideas, and Daily Market Notes. Receive actionable (free) public content at NFTRH.com and subscribe to our free Substack. Follow via X @NFTRHgt and BlueSky @nftrh.bsky.social, and subscribe to our YouTube Video Channel. Finally, check out Hammer’s trade (long and/or short) setups.
