Reported about 10 hours ago
Wells Fargo has upgraded Zscaler, Inc. (NASDAQ: ZS) from 'Equal Weight' to 'Overweight' and raised its price target from $260 to $385, highlighting the company's potential for significant growth in annual recurring revenue and billings driven by increasing software infrastructure spending and the adoption of AI. Despite the stock's 66% year-to-date increase, Wells Fargo sees substantial potential for further expansion, particularly following Zscaler's acquisition of Red Canary to enhance its AI-driven security operations.
Source: YAHOO