Zscaler price target raised to $230 from $222 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on Zscaler (ZS) to $230 from $222 and keeps a Buy rating on the shares. The firm said they delivered a strong quarter with FQ1 2025 results ahead of both the firm’s and Street consensus expectations across the board, highlighted by the company achieving a ‘Rule of 72’ on a quarterly basis.