Weekly Research Analysts’ Ratings Updates for Zscaler (ZS)

Several brokerages have updated their recommendations and price targets on shares of Zscaler (NASDAQ: ZS) in the last few weeks:

• 3/10/2026 – Zscaler had its price target lowered by Oppenheimer Holdings, Inc. from $280.00 to $250.00. They now have an “outperform” rating on the stock.
• 3/3/2026 – Zscaler is now covered by Wells Fargo & Company. They set an “overweight” rating and a $200.00 price target on the stock.
• 3/2/2026 – Zscaler was upgraded by Wells Fargo & Company to “strong-buy”.
• 3/2/2026 – Zscaler had its price target lowered by Citigroup Inc. from $305.00 to $195.00. They now have a “buy” rating on the stock.
• 3/2/2026 – Zscaler had its price target lowered by The Goldman Sachs Group, Inc. from $290.00 to $257.00. They now have a “neutral” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Canaccord Genuity Group Inc. from $340.00 to $275.00. They now have a “buy” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Royal Bank Of Canada from $250.00 to $205.00. They now have an “outperform” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Mizuho from $265.00 to $250.00. They now have an “outperform” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Oppenheimer Holdings, Inc. from $345.00 to $280.00. They now have an “outperform” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Berenberg Bank from $390.00 to $320.00. They now have a “buy” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Morgan Stanley from $305.00 to $200.00. They now have an “overweight” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Citizens Jmp from $355.00 to $290.00. They now have a “market outperform” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by BMO Capital Markets from $315.00 to $210.00. They now have an “outperform” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Needham & Company LLC from $310.00 to $180.00. They now have a “buy” rating on the stock.
• 2/27/2026 – Zscaler had its price target lowered by Piper Sandler from $260.00 to $185.00. They now have a “neutral” rating on the stock.
• 2/26/2026 – Zscaler was downgraded by Zacks Research from “hold” to “strong sell”.
• 2/24/2026 – Zscaler had its price target lowered by Cantor Fitzgerald from $365.00 to $300.00. They now have an “overweight” rating on the stock.
• 2/24/2026 – Zscaler had its price target lowered by TD Cowen from $330.00 to $260.00. They now have a “buy” rating on the stock.
• 2/24/2026 – Zscaler had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $280.00 price target on the stock.
• 2/24/2026 – Zscaler had its price target lowered by BTIG Research from $365.00 to $209.00. They now have a “buy” rating on the stock.
• 2/23/2026 – Zscaler had its price target lowered by Stephens from $340.00 to $225.00. They now have an “overweight” rating on the stock.
• 2/23/2026 – Zscaler had its price target lowered by Robert W. Baird from $360.00 to $300.00. They now have an “outperform” rating on the stock.
• 2/20/2026 – Zscaler had its price target lowered by JPMorgan Chase & Co. from $354.00 to $267.00. They now have an “overweight” rating on the stock.
• 2/19/2026 – Zscaler was given a new $220.00 price target by Barclays PLC.
• 2/17/2026 – Zscaler had its price target lowered by Mizuho from $310.00 to $265.00. They now have an “outperform” rating on the stock.
• 2/17/2026 – Zscaler had its price target lowered by KeyCorp from $300.00 to $250.00. They now have an “overweight” rating on the stock.
• 2/17/2026 – Zscaler had its price target lowered by Truist Financial Corporation from $350.00 to $250.00. They now have a “buy” rating on the stock.
• 2/13/2026 – Zscaler was upgraded by Sanford C. Bernstein from “market perform” to “outperform”. They now have a $228.00 price target on the stock.
• 2/11/2026 – Zscaler had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $250.00 price target on the stock.
• 2/9/2026 – Zscaler had its “overweight” rating reaffirmed by Cantor Fitzgerald.
• 1/21/2026 – Zscaler had its “sell (d-)” rating reaffirmed by Weiss Ratings.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,349 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $232.79, for a total value of $546,823.71. Following the transaction, the insider directly owned 74,653 shares in the company, valued at $17,378,471.87. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Beer sold 653 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $226.72, for a total transaction of $148,048.16. Following the sale, the director directly owned 3,485 shares in the company, valued at $790,119.20. This represents a 15.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,622 shares of company stock valued at $1,071,992 in the last ninety days. 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.