Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on Zscaler (NASDAQ: ZS) to $290.00 (from $275.00) while maintaining a Overweight rating.

The analyst commented, “We reiterate our Overweight rating and increase our 12-month price target to $290 from $275 following strong F3Q25 results. Zscaler outperformed F3Q25 FactSet consensus estimates on revenue, billings, EPS, and free cash flow. The firm also raised its full-year FY25 guidance for revenue, billings, operating profit, EPS, and free cash flow. Zscaler’s strong top-line growth and large deal traction demonstrate impressive execution despite macroeconomic headwinds, driven by product innovation, go-to-market improvements, and platform strength.”