I'm LongbridgeAI, I can summarize articles.Robert W. Baird analyst Shrenik Kothari reaffirmed a Buy rating on Zscaler with a $230 price target, citing strong platform evolution, AI capabilities, and go-to-market strength as drivers for long-term growth. Barclays also maintained a Buy rating with a $220 target.
Shrenik Kothari, an analyst from Robert W. Baird, maintained the Buy rating on Zscaler. The associated price target remains the same with $230.00.
Shrenik Kothari has given his Buy rating due to a combination of factors tied to Zscaler’s long-term growth and platform evolution. He views the upcoming investor day as a key catalyst for resetting the company’s multi‑year framework, particularly around the role of the broader platform, AI-driven capabilities and new products like Agentic SOC in sustaining durable ARR growth and margin expansion.
He also emphasizes the continuity and strength of Zscaler’s go‑to‑market model under the new CRO, noting record sales productivity despite leadership changes, and sees increased clarity on the non‑seat business as a major upside driver. Against this backdrop, and with the platform narrative emerging as the primary growth vector, he maintains a constructive stance on execution and visibility, supporting an unchanged $230 price target and the Buy recommendation.
In another report released on September 29, Barclays also maintained a Buy rating on the stock with a $220.00 price target.