Zscaler price target raised to $340 from $290 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the firm’s price target on Zscaler (ZS) to $340 from $290 and keeps an Overweight rating on the shares after Zscaler hosted its annual customer and partner cloud conference from June 2-5. The firm’s conversations with customers and partners were positive on the company’s growing platform positioning and focused execution, the analyst tells investors in a research note.