Zscaler (ZS) PT Lowered to $189 at Goldman Sachs
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Go back to Zscaler (ZS) PT Lowered to $189 at Goldman Sachs
May 31, 2024 9:22 AM EDT
Evercore 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
May 31, 2024 6:36 AM EDT
Cantor 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
May 31, 2024 6:14 AM EDT
RBC 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
