Reported 2 days ago
Bank of America analyst Tal Liani has increased Zscaler's price target from $285 to $340, maintaining a Buy rating, after positive trends were highlighted at a recent technology conference. The growth in customer demand and platform adoption were emphasized as key factors driving this upward revision. Zscaler continues to expand its cybersecurity offerings, showing significant performance, particularly in data security, which accounted for $350 million in annual recurring revenue last quarter.
Source: YAHOO