Zscaler price target raised to $265 from $260 at RBC Capital

RBC Capital raised the firm’s price target on Zscaler to $265 from $260 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s strong momentum continued this quarter with broad-based outperformance and particularly strong profitability, and despite the ongoing macro challenges and an evolving go-to-market, its management raised guidance for all metrics, the analyst tells investors in a research note.