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%.
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