BofA analyst Tal Liani raised the firm’s price target on Zscaler (ZS) to $340 from $285 and keeps a Buy rating on the shares after having hosted Zscaler CEO Jay Chaudhry for a keynote presentation at the firm’s Global Technology Conference. The firm, which notes that management highlighted resilient customer demand and that customers are adopting more of the Zscaler platform upfront, applies a higher multiple given recent demand for Zero Trust technology.
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