Zscaler price target raised to $175 from $155 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Zscaler to $175 from $155 and keeps an Outperform rating on the shares. The company reported a Q4 billings beat and guided fiscal 2024 above the Street, the analyst tells investors in a research note. Investor expectations were very high heading into the print, but these results did not disappoint, says the firm. It says Zscaler is executing to plan.