Zscaler, Inc. ZS reported better-than-expected Q4 results and issued sales guidance that beat estimates.
The company expects full-year 2023 revenue of between $1.49 billion and $1.5 billion versus the estimate of $1.47 billion. Zscaler expects full-year adjusted earnings to be in a range of $1.16 to $1.18 per share.
Zscaler shares were up 19.2% on Friday at $183.88.
Several analysts changed their price targets on Zscaler today.
- Needham raised the stock’s price target to $210 from $185. Needham analyst Alex Henderson kept a Strong Buy rating on the stock.
- Piper Sandler raised the price target on the stock to $175 from $160. Piper Sandler analyst Rob Owens kept Zscaler at a neutral position.
- RBC capital raised the price target on the stock to $210 from $200. RBC Capital analyst Matthew Hedberg kept an Outperform rating on the stock.
- Barclays raised the stock’s price target to $175 from $168. Barclays analyst Saket Kalia kept an equal weight rating on the stock.
- Mizuho raised Zscaler’s price target from $200 to $205. Mizuho analyst Gregg Moskowitz maintained a buy recommendation for the stock.
- BMO capital raised Zscaler’s price target from $172 to $200. BMO Capital analyst Keith Bachman kept the stock at an outperform.
- Deutsche Bank raised the price target on the stock to $215 from $190. Deutsche Bank analyst Patrick Colville stuck by a buy on Zscaler.
- Canaccord authenticity Share price target increased to $220 from $210. Canaccord Genuity analyst Michael Walkley retained Zscaler with a purchase.
- Wells Fargo raised the price target on the stock to $225 from $220. Wells Fargo analyst Andrew Nowinski kept Zscaler at an overweight position.
- stalk Share price target raised to $210 from $200. Stifel analyst Adam Borg maintains his buy recommendation for Zscaler.
- Stephen & Co. Share price target raised to $210 from $200. Analyst Brian Colley of Stephens & Co. kept Zscaler at an Overweight position.
- Recognition…
