RBC Capital raised the firm’s price target on Zscaler (ZS) to $335 from $315 and keeps an Outperform rating on the shares. The company reported strong Q4 results with outperformance across the board against high investor expectations, the analyst tells investors in a research note. There were a number of positives this quarter as Zscaler’s expanding multi-product platform thesis, go-to-market productivity and Z-Flex could position the company to accelerate growth, RBC added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZS:
- Zscaler’s Strong ARR Growth and Strategic Focus Justify Buy Rating
- Zscaler price target raised to $330 from $295 at Stifel
- Zscaler price target raised to $330 from $315 at Rosenblatt
- Zscaler’s Strong Market Position and Growth Potential Reinforce Buy Rating
- Zscaler price target raised to $351 from $348 at JPMorgan