Citizens JMP raised the firm’s price target on Zscaler (ZS) to $310 from $240 and keeps an Outperform rating on the shares. Zscaler reported better than expected results for Q3 and announced the appointment of Kevin Rubin as CFO, the analyst tells investors in a research note. Zscaler continues its consistent execution while operating at a high level of growth, scale, and profitability in an uncertain macro environment, and with a core, transformational product requiring strategic C-level decision-maker buy-in, the firm argues.
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Read More on ZS:
- Zscaler price target raised to $290 from $275 at Barclays
- Zscaler downgraded to Neutral from Overweight at Piper Sandler
- Zscaler: Hold Rating Amidst Impressive Performance and Elevated Stock Price
- Zscaler Reports Strong Q3 Growth Amid Strategic Expansions
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