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.
Published first on TheFly
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