10:51 AM EDT, 05/30/2025 (MT Newswires) -- Zscaler ( ZS ) benefitted in fiscal Q3 from robust demand for its zero trust and artificial intelligence security services as results topped Wall Street estimates, marking "another breakout moment for the cybersecurity stalwart," Wedbush Securities said Friday in a report.

Wedbush increased its price target on Zscaler ( ZS ) stock to $300 from $240, "reflecting increased confidence" in growth prospects for the zero trust security model.

Zscaler ( ZS ) is "a top name in this space to own as this cloud cybersecurity shift further accelerates," Wedbush said.

The company's new account-metric sales model is driving average deal size and more seven-figure contracts while unlocking additional revenue opportunities through complementary and premium offerings, Wedbush said.

Zscaler's ( ZS ) new Z-Flex purchasing program allows clients to scale the adoption of the platform and change modules based on pre-agreed pricing, streamlining procurement, the report said.

Wedbush maintained its outperform rating on Zscaler ( ZS ) stock.

The shares rose 8.2% in recent trading Friday.

Price: 271.55, Change: +20.44, Percent Change: +8.14