- Berenberg upgrades Zscaler (NASDAQ:ZS) from Hold to Buy but lowers the target from $78 to $60.
- Analyst Joshua Tilton came away from Zscaler's user conference more confident and forecasting "continued sustained growth."
- The analyst says he has "never met a group of customers as positive about a product as these were about Zscaler’s."
- Zscaler shares down 0.6% to $50.03. The company has an Outperform average Sell Side rating.