KeyBanc raised the firm’s price target on Zscaler (ZS) to $310 from $290 and keeps an Overweight rating on the shares following a strong Q3 beat, consistent with checks, and better than the sluggish April quarter security prints thus far. Q4 was guided relatively in line on revenue, billings, and margins, KeyBanc adds.
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Read More on ZS:
- Zscaler’s Strong Performance and Promising Prospects Highlighted by Robust Growth and Strategic Acquisitions
- Zscaler price target raised to $310 from $240 at Citizens JMP
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- Zscaler downgraded to Neutral from Overweight at Piper Sandler
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