BMO Capital raised the firm’s price target on Zscaler (ZS) to $295 from $233 and keeps an Outperform rating on the shares. The company reported upside to all key metrics and raised its FY25 billings guide by the beat in the quarter, which makes Zscaler one of the best March/April reports within the firm’s software universe, the analyst tells investors in a research note. Zscaler execution remains strong, the portfolio is expanding, and its new purchasing program can help drive larger deals over time, the firm added.
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