Stifel analyst Adam Borg raised the firm’s price target on Zscaler (ZS) to $330 from $295 and keeps a Buy rating on the shares. Zscaler “delivered another solid print,” says the analyst, who was “particularly pleased” to see the strong billings beat, RPO growth, and profitability. Zscaler continues to demonstrate success “amongst a number of angles,” adds the analyst, who remains positive on Zscaler’s traction across emerging areas and newer initiatives.
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