Zscaler price target raised to $204 from $175 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Zscaler to $204 from $175 and keeps an Outperform rating on the shares. The firm says Zscaler is consistently regarded as “the” premier best-of-breed vendor for security service edge based on its channel checks. The analyst thinks Zscaler has room to materially outperform 2024 consensus revenue expectations and believes the stock is a “must own” in growth software.