Barclays analyst Saket Kalia raised the firm’s price target on Zscaler to $176 from $160 and keeps an Equal Weight rating on the shares post the fiscal Q4 report. The firm says Zscaler beat its billings upside scenario, and guided fiscal 2024 inline at 25% off the materially higher base. The company has a growing multi-product and channel story in fiscal 2024, the analyst tells investors in a research note.
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