Zscaler price target raised to $260 from $250 at Wedbush

Wedbush raised the firm’s price target on Zscaler to $260 from $250 and keeps an Outperform rating on the shares. Zscaler’s Q2 results featured “impressive” top and bottom line beats as the company moves forward with momentum in the zero trust space while maintaining effective margin discipline, the analyst tells investors in a research note.