Zscaler price target raised to $225 from $205 at Scotiabank

Scotiabank raised the firm’s price target on Zscaler (ZS) to $225 from $205 and keeps an Outperform rating on the shares. After a healthy FY24 where U.S. software equities performed well, the firm feels bullish in 2025 about the software sector, the analyst tells investors. The firm’s forensic analysis points to software earnings surprises and estimate revisions.