TD Cowen Reiterates Buy Rating on Zscaler (ZS)

TD Cowen analyst Shaul Eyal reiterated a Buy rating and $270.00 price target on Zscaler (NASDAQ: ZS).

The analyst commented: "Takeaways from our meeting (CFO, VP IR & Strategic Finance) include: 1) The non-scheduled billings portion continues growing at 20%, 2) The enhanced GTM organization provides mgmt. with sufficient visibility for guiding the Street for a 2H reacceleration, and 3) pricing landscape has remained stable as ZS's Zero Trust portfolio is seeing healthy traction in the marketplace. Reiterate Buy, $270 PT."

For an analyst ratings summary and ratings history on Zscaler click here. For more ratings news on Zscaler click here.

Shares of Zscaler closed at $169.63 yesterday.

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