Piper Sandler analysts reiterated an Overweight rating and set a $255 price target on Zscaler (NASDAQ:ZS) after recent investor meetings with CEO Jay Chaudhry. The analysts expressed optimism about Zscaler’s position in the current market environment and its ability to scale beyond $5 billion in annual recurring revenue (ARR).
Key discussions highlighted recent go-to-market (GTM) changes, macroeconomic conditions, platform expansion, and acquisitions. Piper Sandler believes Zscaler is well-placed as a top pick for the second half of the year, given its strategic adjustments and market positioning.
At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com