Zscaler price target raised to $250 from $240 at JPMorgan

JPMorgan raised the firm’s price target on Zscaler (ZS) to $250 from $240 and keeps an Overweight rating on the shares. The company’s “solid” Q2 results support greater confidence into the back half of fiscal 2025 “with little unscheduled acceleration now needed,” the analyst tells investors in a research note. The firm says Zscaler reported billings, revenue, profitability and free cash flow all above expectations, and that its strong Q2 execution enabled the company to increase guidance across each of these metrics.