UBS raised the firm’s price target on Zscaler (ZS) to $315 from $260 and keeps a Buy rating on the shares. Zscaler reported strong Q3 results as improving sales execution drove 29% year over year growth in uncontracted billings, 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:
- Zscaler price target raised to $305 from $230 at Canaccord
- Zscaler Stock Surges Amid Analyst Upgrades
- Zscaler’s Financial Flexibility at Risk Amid Looming $1.15 Billion Debt Maturity
- Zscaler Stock (ZS) Zooms 8% Higher as Analysts Hike Price Targets
- Zscaler price target raised to $310 from $240 at Needham