JMP Securities analyst Trevor Walsh lowered the firm’s price target on Zscaler to $225 from $280 and keeps an Outperform rating on the shares after its Q1 results. The company has a more measured growth outlook heading into 2023, though he remains positive on its "durable growth story" given the experienced management team under the passionate leadership of CEO and Co-Founder Jay Chaudhry and its demonstrated success as a modern network security platform play, the analyst tells investors in a research note.
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
See today’s best-performing stocks on TipRanks >>
Read More on ZS:
- Zscaler price target lowered to $165 from $175 at Mizuho
- Zscaler price target lowered to $185 from $225 at Citi
- Zscaler price target lowered to $143 from $160 at Barclays
- Zscaler price target lowered to $145 from $175 at Piper Sandler
- ZScaler Shares Plunge despite Solid Quarterly Results and Outlook