Zscaler price target raised to $330 from $300 at Wedbush

Wedbush raised the firm’s price target on Zscaler (ZS) to $330 from $300 and keeps an Outperform rating on the shares, reflecting increased confidence in the company’ zero trust/AI growth path and positioning within the cyber industry heading into the end of FY25 and beyond. This week, Wedbush attended ZS Zenith in Las Vegas where the company provided further updates to its Zero Trust/AI security strategy in an overwhelmingly positive event following Zscaler’s very strong earnings last week as demand for its Cloud/AI solutions remains strong.