Zscaler Reports Third Quarter Fiscal 2024 Financial Results
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Zscaler (ZS) PT Lowered to $245 at Evercore ISI, 'Tough To Bet Against These Guys'
May 31, 2024 9:22 AM EDTEvercore ISI analyst Peter Levine lowered the price target on Zscaler (NASDAQ: ZS) to $245.00 (from $270.00) while maintaining a Outperform rating.
The analyst comments "ZS delivered a strong beat and raise F3Q, headlined by billings growth of 30% (ahead of the 24%/25% bogey), revenue growth of 32% y/y, scale in large customers (50+ customers at $5mn+ ARR), and 22% operating margins despite ongoing customer scrutiny of large deals, changes in the sales organization, and higher than expected sales attrition... More
Zscaler (ZS) PT Lowered to $200 at Cantor Fitzgerald
May 31, 2024 6:36 AM EDTCantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on Zscaler (NASDAQ: ZS) to $200.00 (from $230.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating and moderate our price target to $200 from $230 in line with the peer-group average trading multiple following a... More
Zscaler (ZS) PT Raised to $230 at RBC Capital
May 31, 2024 6:14 AM EDTRBC Capital analyst Matthew Hedberg raised the price target on Zscaler (NASDAQ: ZS) to $230.00 (from $215.00) while maintaining a Outperform rating.
The analyst comments "Against negative investor sentiment, the quarter was one of the better ones we've seen in what is a choppy software... More
BofA Securities Reiterates Buy Rating on Zscaler (ZS)
May 31, 2024 5:48 AM EDTBofA Securities analyst Tal Liani reiterated a Buy rating and $265.00 price target on Zscaler (NASDAQ: ZS)
The analyst comments "We continue to carefully monitor the companys trends, especially given the strong billings performance. We highlight that about 50% of the quarters YoY... More
Zscaler (ZS) PT Lowered to $220 at BTIG
May 31, 2024 4:43 AM EDTBTIG analyst Gray Powerll lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $258.00) while maintaining a Buy rating.
The analyst comments "ZS delivered exceptional FQ3/April results and increased its outlook for FY24. Most notably, ZS posted billings of $628MM / +30% y/y in FQ324 vs our and Street estimates of $584MM / 21.0%. In addition, operating income and FCF were substantially above street estimates. And the updated... More
