Zscaler (ZS) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Zscaler (NASDAQ: ZS):

• 9/8/2026 – Zscaler had its price target raised by Citigroup Inc. from $175.00 to $205.00. They now have a “buy” rating on the stock.
• 9/5/2026 – Zscaler had its “neutral” rating reaffirmed by Roth Capital. They now have a $170.00 price target on the stock.
• 9/4/2026 – Zscaler had its “outperform” rating reaffirmed by Scotiabank.
• 9/4/2026 – Zscaler had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft.
• 9/4/2026 – Zscaler was given a new $215.00 price target by Stephens.
• 9/4/2026 – Zscaler had its price target raised by Royal Bank Of Canada from $200.00 to $210.00. They now have an “outperform” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by Scotiabank from $175.00 to $200.00. They now have a “sector outperform” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by Piper Sandler from $160.00 to $175.00. They now have a “neutral” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by Morgan Stanley from $145.00 to $165.00. They now have an “equal weight” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by Barclays PLC from $192.00 to $200.00. They now have an “overweight” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by Wells Fargo & Company from $210.00 to $215.00. They now have an “overweight” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by BMO Capital Markets from $178.00 to $200.00. They now have an “outperform” rating on the stock.
• 9/4/2026 – Zscaler had its “buy” rating reaffirmed by Guggenheim. They now have a $214.00 price target on the stock.
• 9/4/2026 – Zscaler had its price target raised by Robert W. Baird from $220.00 to $230.00. They now have an “outperform” rating on the stock.
• 9/4/2026 – Zscaler had its “buy” rating reaffirmed by TD Cowen. They now have a $200.00 price target on the stock.
• 9/4/2026 – Zscaler had its “buy” rating reaffirmed by Canaccord Genuity Group Inc.. They now have a $210.00 price target on the stock.
• 9/4/2026 – Zscaler had its price target raised by Stephens from $200.00 to $225.00. They now have an “overweight” rating on the stock.
• 9/4/2026 – Zscaler had its price target raised by Needham & Company LLC from $180.00 to $215.00. They now have a “buy” rating on the stock.
• 9/4/2026 – Zscaler had its “overweight” rating reaffirmed by Cantor Fitzgerald. They now have a $225.00 price target on the stock.
• 9/4/2026 – Zscaler had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $200.00 price target on the stock.
• 9/4/2026 – Zscaler had its “neutral” rating reaffirmed by BTIG Research.
• 9/3/2026 – Zscaler was downgraded by Zacks Research from “hold” to “strong sell”.
• 9/2/2026 – Zscaler had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $220.00 price target on the stock.
• 8/27/2026 – Zscaler was upgraded by Weiss Ratings from “sell (e+)” to “sell (d-)”.
• 8/26/2026 – Zscaler had its price target raised by JPMorgan Chase & Co. from $205.00 to $215.00. They now have an “overweight” rating on the stock.
• 8/25/2026 – Zscaler had its price target raised by Barclays PLC from $170.00 to $192.00. They now have an “overweight” rating on the stock.
• 8/24/2026 – Zscaler had its “buy” rating reaffirmed by Guggenheim. They now have a $214.00 price target on the stock.
• 8/21/2026 – Zscaler had its price target raised by KeyCorp from $185.00 to $210.00. They now have an “overweight” rating on the stock.
• 8/19/2026 – Zscaler had its price target raised by Mizuho from $185.00 to $210.00. They now have an “outperform” rating on the stock.
• 8/19/2026 – Zscaler had its price target raised by Stifel Nicolaus from $175.00 to $200.00. They now have a “buy” rating on the stock.
• 8/19/2026 – Zscaler had its “overweight” rating reaffirmed by Cantor Fitzgerald. They now have a $225.00 price target on the stock.
• 8/17/2026 – Zscaler had its price target raised by Wells Fargo & Company from $180.00 to $210.00. They now have an “overweight” rating on the stock.
• 8/17/2026 – Zscaler had its price target raised by TD Cowen from $180.00 to $200.00. They now have a “buy” rating on the stock.
• 7/16/2026 – Zscaler had its price target raised by KeyCorp from $176.00 to $185.00. They now have an “overweight” rating on the stock.

Insider Activity

In other news, CEO Jagtar Chaudhry sold 2,878 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of Zscaler stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the transaction, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This trade represents a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 16,772 shares of company stock valued at $2,139,799. Company insiders own 17.20% of the company’s stock.

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.