Zscaler price target raised to $350 from $300 at Truist
Truist raised the firm's price target on Zscaler (ZS) to $350 from $300 and keeps a Buy rating on the shares. The company held an investor briefing in conjunction with its user conference earlier this week, during which it highlighted a number of key pillars in achieving its goal of further driving Zero Trust architecture throughout the enterprise IT stack, the analyst tells investors in a research note. The firm said the company's three pillars include Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations. Truist added that Zscaler is benefiting from tailwinds of digital transformation and vendor consolidation that are continuing to drive demand.
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