Zscaler price target raised to $185 from $168 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Zscaler to $185 from $168 and keeps a Buy rating on the shares. The company reported a “very good” fiscal Q4 report as total billings growth of 38% year-over-year significantly exceeded the Street’s 27% growth forecast, the analyst tells investors in a research note. The firm continues to believe Zscaler remains very well positioned for growth.