Zscaler, Inc. (NASDAQ:ZS) was upgraded to Outperform by Bernstein analyst Peter Weed with a price target of $228, citing valuation as the reason for the upgrade. The company is expected to see growth fall below 20% by 2028 but continue adding new customers at a slower pace. RBC Capital analyst Matthew Hedberg lowered the price target to $250 from $290, maintaining an Outperform rating due to negative investor sentiment towards software. Zscaler recently acquired SquareX to expand its zero-trust capabilities into the browser, redefining browser security by enabling lightweight extensions across any browser. The acquisition closed on February 5, with financial terms undisclosed.

Read more at Yahoo Finance: Bernstein Upgraded Zscaler, Inc. (ZS) to Outperform with a Price Target of $228