Stifel raised the firm’s price target on Zscaler (ZS) to $295 from $270 and keeps a Buy rating on the shares. Zscaler delivered what the firm calls “another solid print,” with fiscal Q3 key metrics above expectations given strong execution and ongoing demand for Zscaler’s broadening zero trust portfolio. Zscaler continues to demonstrate success on “a number of angles,” including growing adoption of an expanding product portfolio and “an interesting opportunity in securing AI,” the analyst added.
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