JMP Securities analyst Trevor J. Walsh has maintained their bullish stance on ZS stock, giving a Buy rating on March 3.
Trevor J. Walsh has given his Buy rating due to a combination of factors that highlight Zscaler’s strong financial performance and strategic initiatives. The company reported impressive results for the second quarter of fiscal year 2025, surpassing expectations with a notable increase in revenue and earnings per share, as well as achieving significant growth in billings and operating margins. These results demonstrate Zscaler’s ability to capitalize on market opportunities, particularly in the context of the ongoing hardware refresh cycle.
Additionally, Zscaler’s strategic launch of the ‘Zero Trust Everywhere’ campaign aims to boost platform adoption by encouraging customers to transition away from traditional security solutions. This initiative, along with the strong momentum in emerging products, positions Zscaler for continued growth. The company’s focus on expanding its ‘Zero Trust Everywhere’ customer base and the potential for significant upsell opportunities further support the positive outlook. Overall, these factors contribute to the confidence in Zscaler’s future performance, justifying the Buy rating.
In another report released on March 3, Robert W. Baird also maintained a Buy rating on the stock with a $240.00 price target.