Zscaler price target raised to $290 from $275 at Mizuho

Mizuho raised the firm’s price target on Zscaler (ZS) to $290 from $275 and keeps a Neutral rating on the shares following the company’s user conference. The firm says the company was effective in showcasing its expansive cybersecurity architecture and is also aggressively pursuing artificial intelligence security. However, it still seems somewhat premature to say Zscaler will be able to close large, transformative deals at a strong and steady pace, given the macro environment and increasingly competitive market, the analyst tells investors in a research note.