TD Cowen analyst Shaul Eyal reiterated a Buy rating on Zscaler (ZS – Research Report) today and set a price target of $270.00.
Shaul Eyal has given his Buy rating due to a combination of factors including Zscaler’s robust financial performance and strategic positioning. The company’s impressive revenue growth and free cash flow margin demonstrate the effectiveness of its strategic investments. Additionally, Zscaler’s ambitious $3 billion annual recurring revenue target by fiscal year 2025 reflects strong confidence in market demand and execution capabilities.
Furthermore, Zscaler’s focus on Zero Trust architecture and its ability to replace legacy systems like firewalls and VPNs position it well for enterprises looking to modernize their technology. The company’s go-to-market strategies have enhanced sales productivity and enterprise penetration, leading to significant upsell and cross-sell opportunities. The expansion of its portfolio, particularly in data protection, has further accelerated growth, driven by increasing demand for advanced security solutions.
Eyal covers the Technology sector, focusing on stocks such as Check Point, Palo Alto Networks, and Cloudflare. According to TipRanks, Eyal has an average return of 24.4% and a 66.27% success rate on recommended stocks.
In another report released on March 14, Robert W. Baird also maintained a Buy rating on the stock with a $250.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com