Cantor Fitzgerald raised the firm’s price target on Zscaler (ZS) to $290 from $275 and keeps an Overweight rating on the shares. Zscaler reported strong Q3 results, outperforming consensus estimates on revenue, billings, EPS, and free cash flow, the analyst tells investors in a research note. Zscaler’s strong top-line growth and large deal traction demonstrate impressive execution despite macroeconomic headwinds, Cantor argues.
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