Bernstein SocGen Group Reiterates Outperform Rating on Zscaler (ZS)
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Zscaler (ZS) PT Raised to $235 at Citi
December 3, 2024 7:03 AM ESTCiti analyst Fatima Boolani raised the price target on Zscaler (NASDAQ: ZS) to $235.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "FY25 billings and rev guidance is raised ~0.6pt/~1pt at the midpoint, largely reflecting the F1Q25 beat. Here, F2Q25E billings guide (implied $719M, up ~15% YoY, at the midpoint) is largely unchanged as the company now... More
Evercore ISI Reiterates Outperform Rating on Zscaler (ZS)
December 3, 2024 5:19 AM ESTEvercore ISI analyst Peter Levine reiterated an Outperform rating and $245.00 price target on Zscaler (NASDAQ: ZS).
The analyst comments "F1Q was well-executed, with most metrics meeting expectations. The after-hours sell-off was driven by the tepid guide and news that the CFO will be retiring. While this quarter's results do not change our thesis, they raise concerns about why the GTM shift, now passing the 1yr mark, is taking longer than anticipated, which is why investors are questioning the feasibility of the expected 2H ramp. From mgmts perspective, the mechanisms driving the 2H... More
