Zscaler price target lowered to $180 from $190 at MKM Partners

MKM Partners analyst Catharine Trebnick lowered the firm’s price target on Zscaler to $180 from $190 but keeps a Buy rating on the shares. The company’s Q1 results topped expectations on all metrics, with billings exceeding the management’s guidance despite greater scrutiny around deals, the analyst tells investors in a research note. Trebnick adds that the solid print for Zscaler is evidence of durable security demand and the company’s "unique value proposition".