Zscaler (ZS) PT Raised to $230 at Barclays

Barclays analyst Saket Kalia raised the price target on Zscaler (NASDAQ: ZS) to $230.00 (from $210.00) while maintaining a Overweight rating.

The analyst comments "ZS reports earnings on Tues, Sept 3rd after the close - we see upside to 4Q billings on healthy checks & seasonal strength, and think expectations for the FY25 billings guide are rightsized at 20% y/y growth off a higher base. We like the stock into next year as GTM changes could bear fruit & the SASE market is healthy."

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