Morgan Stanley raised the firm’s price target on Zscaler (ZS) to $280 from $200 and keeps an Equal Weight rating on the shares. Zscaler posted better-than-expected fiscal Q3 results with billings growing 25% year-over-year and beating consensus expectations by 3%, the analyst tells investors. The firm walked away from the quarter “incrementally more positive,” but stays Equal Weight as a pending acquisition and CFO transition leave “plenty to monitor.”
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Read More on ZS:
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