Truist raised the firm’s price target on Zscaler (ZS) to $300 from $260 and keeps a Buy rating on the shares. The company reported a solid Q3, driven by improving sales productivity and lower attrition, as well as growing customer demand for the platform, in particular Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations solutions, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZS:
- Airbnb, Zscaler downgraded: Wall Street’s top analyst calls
- Zscaler price target raised to $310 from $242 at Scotiabank
- Zscaler price target raised to $295 from $233 at BMO Capital
- Morning Movers: Trump says China ‘totally violated’ trade agreement
- Zscaler’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating