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Zscaler price target lowered to $334 from $360 at Scotiabank

Scotiabank lowered the firm’s price target on Zscaler (ZS) to $334 from $360 and keeps an Outperform rating on the shares. The company reported a “clean F4Q beat” across metrics, the analyst tells investors. The firm’s checks point to the company as the clear leader in Secure Access Service Edge and believes risk reward skews to the upside.

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