MKM Partners analyst Catharine Trebnick lowered the firm’s price target on Zscaler to $190 from $225 and keeps a Buy rating on the shares. Despite the current macro backdrop, the firm’s conversations with eight partners and CISO contacts indicated resilient demand for Zscalar’s role in the adoption of Zero Trust platforms, Trebnick tells investors in a research note. The analyst says she left the conversations with the same degree of confidence as last quarter in both the broader cybersecurity demand environment and the firm’s Q1 forecasts for Zscaler.
Published first on TheFly
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