Zscaler raises annual results forecast on growing demand
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Zscaler (ZS) PT Raised to $250 at JPMorgan
March 6, 2025 5:28 AM ESTJPMorgan analyst Brian Essex raised the price target on Zscaler (NASDAQ: ZS) to $250.00 (from $240.00) while maintaining a Overweight rating.
The analyst comments "Solid 2Q results support greater confidence into the back half of FY25 with little unscheduled acceleration now needed. Zscaler delivered billings, revenue, profitability and FCF all above expectations. Strong 2Q execution enabled the company to increase guidance across each of these metrics. Results were driven by better sales productivity and demand for the companys Zero Trust Everywhere... More
