Canaccord Genuity Lifts Zscaler (ZS) Price Target amid Looming $100B Market Opportunity

Core Viewpoint - Zscaler Inc. is highlighted as a top investment opportunity in the cybersecurity sector, with a recent price target increase from Canaccord Genuity reflecting strong market performance and growth potential [1][2]. Company Overview - Zscaler Inc. is a cloud-based cybersecurity firm that provides secure internet and application access through its Zero Trust Exchange platform, offering services such as cloud firewalls, data loss prevention, and zero-trust network access (ZTNA) [4]. Market Opportunity - The company is positioned to capitalize on a serviceable addressable market exceeding $100 billion, driven by increased spending per customer and favorable industry trends [3]. Industry Trends - Zscaler's growth is supported by several industry tailwinds, including cloud migration, security modernization, and the accelerated adoption of Zero Trust principles [3]. Recent Performance - The stock has experienced a significant rally, increasing by 72% year to date, prompting Canaccord Genuity to raise its price target to $340 from $320 [1][2].