Barclays Boosts Zscaler Rating to Overweight While Trimming Price Target
Barclays moved Zscaler (NASDAQ: ZS) from Equalweight to Overweight even as it reduced its price target from $264.00 to $228.00. The revised target still implies meaningful upside from the current share price, which has fallen sharply over the past six months. Barclays cites both durable customer economics and potential AI tailwinds while flagging a…