Zscaler price target raised to $250 from $220 at Barclays

Barclays raised the firm’s price target on Zscaler (ZS) to $250 from $220 and keeps an Overweight rating on the shares ahead of the fiscal Q2 report on March 5. The firm expects $5M-$10M of upside to Q2 billings estimates on good channel checks, but says slower scheduled billings “still weighs.” However, the analyst expects Zscaler to flow through the Q2 beat to fiscal 2025 billings guidance.