Zscaler (NASDAQ:ZS) Price Target Raised to $220.00

Posted by George Bondi on Sep 28th, 2026

Zscaler (NASDAQ:ZS – Free Report) had its target price lifted by Mizuho from $210.00 to $220.00 in a report released on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Zscaler from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of Zscaler in a research report on Friday, September 4th. Stephens set a $215.00 target price on Zscaler in a report on Friday, September 4th. Piper Sandler increased their target price on Zscaler from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Finally, TD Cowen reissued a “buy” rating and issued a $200.00 target price on shares of Zscaler in a research report on Friday, September 4th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $219.28.

Check Out Our Latest Report on ZS

Zscaler Price Performance

Shares of Zscaler stock opened at $193.05 on Friday. The business has a 50 day moving average of $174.24 and a 200 day moving average of $153.53. Zscaler has a 52 week low of $114.63 and a 52 week high of $336.99. The company has a market cap of $31.48 billion, a PE ratio of -495.00, a P/E/G ratio of 20.12 and a beta of 0.95. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65.

Zscaler (NASDAQ:ZS – Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million for the quarter, compared to analysts’ expectations of $876.96 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, equities research analysts forecast that Zscaler will post 0.7 earnings per share for the current year.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 5,394 shares of Zscaler stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the completion of the transaction, the insider owned 61,525 shares of the company’s stock, valued at $12,305,000. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Beer sold 177 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $192.01, for a total transaction of $33,985.77. Following the completion of the transaction, the director owned 4,030 shares in the company, valued at approximately $773,800.30. The trade was a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,656 shares of company stock worth $5,526,076 over the last quarter. Corporate insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Zscaler during the 2nd quarter valued at $1,396,028,000. First Trust Advisors LP increased its position in Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after acquiring an additional 935,781 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Zscaler by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after purchasing an additional 98,140 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Zscaler by 52.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after acquiring an additional 661,413 shares during the last quarter. Finally, Amundi lifted its position in Zscaler by 12.8% during the second quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after purchasing an additional 129,563 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

Positive Sentiment: Internal successor may limit disruption: Zscaler appointed Ross Tackett, its current Worldwide Head of Sales, as CRO effective October 1. His familiarity with the sales organization and business supports the view that the transition should not materially disrupt execution. Zscaler shares slide on CRO departure, but analysts see limited disruption
Positive Sentiment: Analyst support remains firm: Mizuho raised its Zscaler price target from $210 to $220 and maintained an “Outperform” rating, signaling confidence in the company’s longer-term growth prospects despite the leadership change. Mizuho raises Zscaler price target
Positive Sentiment: Long-term growth narrative remains intact: Coverage highlighted Zscaler’s Agentic SOC, an AI-focused security platform using extensive zero-trust telemetry and AI agents to automate threat detection and response. The product could strengthen Zscaler’s competitive position if adoption accelerates. Can Zscaler’s Agentic SOC Redefine Its Competitive Moat
Neutral Sentiment: Management described the change as personal: Mike Rich is leaving for personal reasons, and the company did not announce a change to its operating outlook. The absence of stated business-related reasons may reduce concerns, but investors will watch for any effects on sales momentum and guidance. Zscaler Appoints Ross Tackett as Chief Revenue Officer
Negative Sentiment: CRO departure triggered the selloff: Investors appear concerned that losing the executive responsible for revenue operations could create uncertainty around enterprise sales execution, renewals, and future growth. Zscaler’s shares were reported to be on pace for their weakest session in roughly three months. Zscaler Shares Fall Following Revenue Chief Transition

Zscaler Company Profile

(Get Free Report)

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.