Buy Zscaler
Earlier in the month, we took a look at Zscaler (ZS) and determined that this was a strong new addition to the Watch List that was very close to a buyable price.
Well, after a more than 8% drop since then, Zscaler is now trading solidly in "buy" territory at 28% below fair value. I'm adding it as the newest addition to the Buy List today!
Nothing has changed in the last few weeks. This remains an outstanding, founder-led firm with strong growth potential, recurring revenues, and high switching costs. At under 10 times sales, the stock is trading at one of its lowest valuations since going public in 2018, and right at its 52 week low, well below the $134 fair value estimate.
Right now, Zscaler represents the "great company at a great price" philosophy of Green Dot Stocks. I believe investors will do very well over a multi-year holding period with this stock from here.
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Watch List
| APPF | -3.02% |
| CMG | 43.83% |
| VEEV | 16.09% |
| INTU | 19.56% |
| WDAY | -7.52% |
| PSTG | -0.65% |
| RDDT | 18.10% |
| NTNX | 24.37% |
| CRWD | 94.01% |
| SE | 26.50% |
| SNOW | 13.14% |
Buy List
| PINS | -36.44% |
| SEMR | -33.35% |
| TSM | -40.82% |
| ZETA | -27.00% |
| GOOG | -49.43% |
| NYAX | -28.98% |
| MSFT | -28.62% |
| ODD | -29.76% |
| FLYW | -42.32% |
| HRMY | -59.44% |
| YOU | -38.27% |
| ABNB | -31.17% |
| ADBE | -42.81% |
Hold List
| ASML | -22.86% |
| VTEX | -14.24% |
| ASR | -23.26% |
| CELH | 46.96% |
| TOST | 20.33% |
| CPNG | -11.55% |
| HIMS | -19.74% |
| PAYC | -18.13% |
| MNDY | 18.61% |
| GLBE | -21.26% |
| ZS | 32.26% |
| V | -7.16% |
| ADSK | -0.03% |
| NOW | 14.16% |
| MELI | -23.30% |
| FTNT | -0.20% |
| TEAM | 0.30% |