Barclays analyst Saket Kalia raised the firm’s price target on Zscaler (ZS) to $350 from $320 and keeps an Overweight rating on the shares ahead of the earnings report on November 25. The firm expects a “moderate” beat but its channel checks picked up seasonal slowness in fiscal Q1. It sees the potential for a “tactical pullback” in the shares not changing the long-term story.
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