Bernstein SocGen Group analyst Peter Weed reiterated an Outperform rating and $238.00 price target on Zscaler (NASDAQ: ZS)

The analyst comments: "Zscaler’s FQ1’25 earnings delivered another strong 3.5% beat vs. consensus, and raised the FY’25 guide by the beat. The company emphasized this benefited from the improving sales effectiveness post their sales transformation (recovering from a large turnover in their team three quarters ago in FQ3’24). In fact, their employee churn is actually now below target rate, and we impute YoY incremental existing customer expansion was near the prior peak it saw last quarter (these metrics are published in the 10Q, so should be validated soon). Looking forward they anticipate even more ramped reps than their original plan."

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 $208.51 yesterday.