Stifel analyst Adam Borg raised the firm’s price target on Zscaler to $240 from $205 and keeps a Buy rating on the shares after having hosted investor meetings with Zscaler’s CEO Jay Chaudhry and CFO Remo Canessa. The firm continues to believe Zscaler has a number of drivers to sustain 25%-30%-plus growth and margin expansion in coming years, the analyst tells investors following the management meetings.
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