Weekly Analysts’ Ratings Changes for Zscaler (ZS)

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

• 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.
• 6/25/2026 – Zscaler had its price target lowered by KeyCorp from $190.00 to $176.00. They now have an “overweight” rating on the stock.

Insider Activity

In related news, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares of the company’s stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the sale, the insider directly owned 69,366 shares in the company, valued at $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 16,269 shares of company stock worth $2,052,589 in the last quarter. 17.20% of the stock is owned by company insiders.

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.