Zscaler price target raised to $340 from $320 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on Zscaler (ZS) to $340 from $320 and keeps a Buy rating on the shares. The firm said tey posted a solid quarter closing out 2025 on a high note; beating consensus on revenue, EPS, and billings while crossing the $3billion ARR milestone. Canaccord continues to believe Zscaler is well positioned for sustained strong growth trends given its robust technology moat and strong platform uptake. The company is benefiting from numerous tailwinds, including cloud migration, security modernization/adoption of Zero Trust principles, a distributed workforce, and the rapid growth in targeted breaches.