Zscaler (ZS – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Keith Bachman from BMO Capital maintained a Buy rating on the stock and has a $295.00 price target.
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Keith Bachman has given his Buy rating due to a combination of factors including Zscaler’s strong performance and promising future prospects. The company reported better-than-expected results across key metrics and increased its fiscal year 2025 billings guidance, which positions it as a standout performer in the software sector. Zscaler’s execution remains robust, with an expanding portfolio and a new purchasing program that is expected to drive larger deals in the future.
Additionally, Zscaler’s billings growth exceeded expectations, showcasing broad-based demand and improved sales productivity. The introduction of the Z-Flex purchasing program contributed significantly to its total contract value bookings, and the company anticipates further impact from this initiative in the coming year. Despite economic uncertainties, customers continue to prioritize security, and Zscaler’s stable federal business further supports its growth outlook. Bachman also highlights the company’s ability to maintain technology leadership, even as new competitors emerge, reinforcing confidence in Zscaler’s long-term growth potential.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $251.00 price target.
ZS’s price has also changed moderately for the past six months – from $206.590 to $251.110, which is a 21.55% increase.