Credit Suisse analyst Brad Zelnick raised his price target for Zscaler to $75 from $55 saying his conviction in the company's long-term growth increases in the absence of any real competition. The analyst contends Zscaler is a strategic asset, "uniquely" positioned to enable enterprise cloud adoption and network transformation. He reiterates an Outperform rating on the shares.

Zscaler announced innovations - ZDX Copilot, Hosted Monitoring, and Data Explorer - to its Zscaler Digital Experience service. The new ZDX Copilot, an AI assistant, instantly analyzes and harnesses knowledge from over 500 trillion data points daily across users, devices, networks, and applications, to provide IT operations, service desk, and security teams insights they need related to digital experience and performance. Teams can ask sequences of questions to effectively converse with Copilot, which uses Generative AI, to review high-level trends and progressively narrow results down to specific actionable insights.