Wedbush analyst Daniel Ives lowered the firm’s price target on Zscaler to $220 from $260 and keeps an Outperform rating on the shares. The firm notes Zscaler reported its Q4 results, which featured strong beats across the board for the quarter but was overshadowed by first half of 2025 billings guidance coming in below expectations with the majority of growth for the year expected in the back half of FY25.
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