Piper Sandler Reiterates Overweight Rating on Zscaler (ZS)

Piper Sandler analyst Ron Owens reiterated an Overweight rating and $255.00 price target on Zscaler (NASDAQ: ZS).

The analyst commented, "This week, we hosted ZS Founder & CEO Jay Chaudhry and VP of IR & Strategic Finance Ashwin Kesireddy for investor meetings. We came away encouraged by ZS's positioning in a current selling environment and believe the company is making the right changes to ensure that it is able to scale the business to $5B in ARR and beyond. Key areas of focus during conversations were: recent GTM changes, the macro environment, expansion of the platform and recent acquisitions. We remain confident in ZS as a top name to own for 2H; reiterate OW."

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 $194.93 yesterday.

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