Citi analyst Fatima Boolani raised the firm’s price target on Zscaler to $235 from $190 and keeps a Buy rating on the shares post the fiscal Q1 report. The analyst says greater execution consistency in a market that is “validating the founding vision,” diminished competitive intensity, and high resonance of an return on -investment based sales motion in a budget-sensitive backdrop is helping Zscaler “circumvent hiccups peers’ are encountering.”
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