Zscaler price target lowered to $150 from $160 at Mizuho

Mizuho lowered the firm’s price target on Zscaler to $150 from $160 and keeps a Buy rating on the shares following the "subdued" Q2 results. Management noted some slipped deals along with more phased-in deployments than usual, the analyst tells investors in a research note. On the positive side, Zscaler’s revenue was "healthy," and fiscal 2023 guidance was raised, adds the firm.