Zscaler (ZS): Analysts lift targets after Investor Day sets an $8B ARR goal for FY2031

Zscaler used its Oct 7 Investor Day to set a fiscal 2031 ARR target of $8B and reaffirm near-term guidance. JPMorgan, Wells Fargo, Cantor and Baird raised price targets, though Morgan Stanley stayed Equal Weight.

Sources

• Stocktwits, ZS Stock Draws Multiple Target Hikes After Investor Day
• Timothy Sykes, Zscaler Stock Jumps As Wall Street Hikes AI Security Price Targets