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.
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