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RBC raises Zscaler price target to $210, keeps Outperform rating

  • RBC Capital raised Zscaler’s price target while maintaining its Outperform rating.
  • 25% growth was reported in Zscaler’s revenue and Annual Recurring Revenue.
  • Zscaler’s results and AI innovation supported RBC Capital’s rating decision.

RBC Capital increased its price target for cybersecurity firm Zscaler to $210 while maintaining an Outperform rating. The decision was attributed to Zscaler’s strong financial results and AI innovation. Zscaler reported a 25% rise in revenue and Annual Recurring Revenue, a measure of contracted subscription income.

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