Canaccord lowered the firm’s price target on Zscaler (ZS) to $275 from $340 and keeps a Buy rating on the shares. The firm said Zscaler delivered a strong FQ2’26 with broad-based beats across top- and bottom-line metrics, highlighted by 26% year over year revenue growth to $815.8M. They continue to believe Zscaler is well positioned for sustained strong growth given its robust technology moat and expanding platform adoption.
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