Zscaler price target raised to $240 from $230 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on Zscaler (ZS) to $240 from $230, reflecting a higher multiple and increased confidence heading into the second half of 2025 and beyond. The firm keeps an Outperform rating on the shares. Wedbush notes the company delivered its Q2 earnings that featured strong top and bottom-line beats, while raising FY25 guidance across the board which will be viewed positively by the Street in this environment. Zscaler continues to be in a strong position in the rapidly growing zero trust space, the firm adds.