Evercore ISI raised the firm’s price target on Zscaler (ZS) to $290 from $245 and keeps an Outperform rating on the shares. Zscaler delivered “a stellar F3Q,” surpassing expectations across key metrics and reinforcing confidence in the new go-to-market strategy, the analyst tells investors. However, caution is advised as FY26 consensus estimates “seem overly optimistic for now,” adds the analyst, whose initial FY26 revenue growth estimate is set at 18.5%, below the consensus of 20.2%.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZS:
- Zscaler price target raised to $300 from $270 at TD Cowen
- Zscaler price target raised to $290 from $275 at Cantor Fitzgerald
- Zscaler price target raised to $300 from $240 at Wedbush
- Zscaler price target raised to $304 from $288 at RBC Capital
- Zscaler price target raised to $290 from $250 at Oppenheimer