Recent Investment Analysts’ Ratings Updates for Zscaler (ZS)

Zscaler (NASDAQ: ZS) recently received a number of ratings updates from brokerages and research firms:

• 9/17/2026 – Zscaler had its price target raised by Sanford C. Bernstein from $224.00 to $298.00. They now have an “outperform” rating on the stock.
• 9/11/2026 – Zscaler is now covered by Wedbush. They set an “outperform” rating and a $215.00 price target on the stock.
• 9/10/2026 – Zscaler was downgraded by Weiss Ratings from “sell (d-)” to “sell (e+)”.
• 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.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Chaudhry sold 2,852 shares of Zscaler stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total transaction of $549,751.52. Following the completion of the transaction, the chief executive officer owned 340,186 shares of the company’s stock, valued at $65,574,253.36. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 5,957 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total value of $1,148,271.32. Following the sale, the chief financial officer owned 43,287 shares in the company, valued at approximately $8,344,002.12. This represents a 12.10% decrease in their ownership of the stock. 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. Insiders have sold 28,656 shares of company stock worth $5,526,076 over the last quarter. Insiders own 17.20% of the company’s stock.

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.