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Stifel raises Zscaler Inc price target to $235

Investing.com +1 ·

ZS Zscaler Inc
$212.25 +5.18%
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  1. 1Stifel raised the price target for Zscaler Inc from its previous target of $200 to $235.
  2. 2Zscaler set a target of more than $8 billion in annual recurring revenue (ARR) for fiscal year 2031.
  3. 3Stifel assessed that Zscaler's analyst day strengthened its artificial intelligence outlook.

So what's the key point?

Stifel raised its price target for Zscaler Inc to $235, expecting the stock to rise further. With an improved artificial intelligence outlook, the company is targeting more than $8 billion in revenue for fiscal year 2031.

Source Investing.com +1 · View original ↗

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