Zscaler price target raised to $240 from $212 at JPMorgan

JPMorgan raised the firm’s price target on Zscaler to $240 from $212 and keeps a Neutral rating on the shares ahead of the earnings report. The analyst expects “healthy results,” based on the firm’s recent channel and partner conversations, but looks forward to commentary on the call that may help us better assess risk-reward, and level of conservatism embedded in the outlook moving forward.