Zscaler (ZS) PT Raised to $215 at Morgan Stanley

Morgan Stanley analyst Hamza Fodderwala raised the price target on Zscaler (NASDAQ: ZS) to $215.00 (from $202.00) while maintaining a Equalweight rating.

The analyst comments "We lean slightly positive ZS ahead of FQ4 results given beatable estimates, largely favorable checks on demand and stable competitive position vs cautious investor sentiment. While sales org changes are likely disruptive through FY25, consensus forecasts appear conservative enough, in our view."

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