Zscaler (ZS) PT Lowered to $210 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the price target on Zscaler (NASDAQ: ZS) to $210.00 (from $220.00) while maintaining a Neutral rating.

The analyst commented: "As initially stated in our mid-July downgrade, we saw "a good likelihood that ZS can at least 'power through' its seasonally strong F4Q (July)". Indeed, our checks this quarter were largely positive, and indicative of ZS winning a healthy share of transactions. As a result, we expect another good upside quarter from ZS, but we remain concerned that this could change in F1H25. We maintain our Neutral and modestly lower our PT to $210 (was $220)."

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