Zscaler price target raised to $329 from $298 at BTIG

BTIG raised the firm’s price target on Zscaler (ZS) to $329 from $298 and keeps a Buy rating on the shares. The firm’s take from the company’s annual Zenith Live user conference and investor session were positive as there was much more excitement at this year’s even than in prior years, the analyst tells investors in a research note. BTIG has further “picked a number of positive data points” around increased interest in Zscaler’s Zero Trust Branch offering during its field checks, while the feedback on improving go to market initiatives with ZS core ZIA and ZPA products was encouraging, the firm added.