12:16 PM EST, 01/10/2025 (MT Newswires) -- Zscaler ( ZS ) is poised to accelerate billings growth in fiscal years 2025 and 2026 with improved sales execution, momentum in emerging products and easier comparisons in H1 of fiscal 2026, Oppenheimer said in a note on Friday.

Changes under Chief Revenue Officer Mike Rich, including pipeline expansion and improved large-deal activity, have reduced execution risk, and with new sales representatives ramping productivity, upward revisions to estimates are expected, according to the firm.

Oppenheimer said Zscaler ( ZS ) continues to secure wins despite persisting competition concerns, especially within the Fortune 100, where it competes with large vendors like Palo Alto Networks ( PANW ) and Fortinet ( FTNT ) .

"We believe competition concerns are overblown and unproven," Oppenheimer added.

Oppenheimer has an outperform rating on Zscaler's ( ZS ) stock with a price target of $250.

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