Canaccord analyst Kingsley Crane raised the firm’s price target on Zscaler (ZS) to $305 from $230 and keeps a Buy rating on the shares. The firm said Zscaler delivered a strong quarter with FQ3’25 results ahead of consensus expectations across the board. They noted they also announced the acquisition of Red Canary, which on the surface seems to represent a meaningful move into the managed detection and response (MDR) space and also has the potential to accelerate the agentic roadmap as it is to bolster its SOC strategy.
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