TD Cowen raised the firm’s price target on Zscaler (ZS) to $300 from $270 and keeps a Buy rating on the shares. The firm updated its model as the company’s results exceeded F3Q metrics across the board and upped its F4Q. The company is seeing no macro slowdown, its platform approach resonates well with large customers, its pricing scheme (z flex) is positively embraced by customers wishing to expand business with Zscaler, and the acquisition of Red Canary provides an extension into the SOC accelerating agentic AI adoption.
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 $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
- Zscaler price target raised to $260 from $250 at Loop Capital