Zscaler Surges After B. Riley Elevates Rating, Lowers Price Target
Zscaler shares jumped 10% following B. Riley analyst Erik Suppiger’s upgrade from Neutral to Buy. The firm trimmed its price target to $225 from $275 to reflect recent compression in software valuation multiples, while highlighting healthy demand for secure network access, potential benefits from AI adoption, an expanding product set, and what it v…