Barclays raised the firm’s price target on Zscaler (ZS) to $300 from $290 and keeps an Overweight rating on the shares ahead of the fiscal Q4 earnings report on September 2. The firm believes Zscaler’s fiscal 2026 annual recurring revenue outlook could be 19%-20% with the 20% bulls are hoping for at the high end. Barclays like the company’s setup into the next fiscal year “with a more mature sales force, broader platform focus, and prudence around Red Canary.”
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