UBS analyst Roger Boyd lowered the firm’s price target on Zscaler (ZS) to $260 from $340 and keeps a Buy rating on the shares. The Q2 results addressed key debates and highlighted AI security opportunities, with 25% of new annual contract value from non-seat-based solutions and strong AI Protect attach rates on large deals, and the company appears to be gaining momentum, making shares attractive, the analyst tells investors in a research note.
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