BMO Capital lowered the firm’s price target on Zscaler to $197 from $208 but keeps an Outperform rating on the shares. The company’s Q4 results were “reasonable”, but the “back-end nature” of its FY25 billings guidance was disappointing, the analyst tells investors in a research note, noting that the outlook for the first half implies 13%-14% growth and greater contracted billings flowing through in the second half of the year. BMO adds however that the firm is encouraged by Zscaler’s expanding deal sizes and increasing contributions from emerging products, which it believes can increase over time.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZS:
- Zscaler price target lowered to $170 from $200 at Cantor Fitzgerald
- Zscaler price target lowered to $165 from $180 at Loop Capital
- Zscaler price target lowered to $205 from $220 at BTIG
- Zscaler price target lowered to $230 from $260 at Oppenheimer
- Zscaler price target lowered to $225 from $260 at Baird