Zscaler (NASDAQ:ZS) Stock Price Expected to Rise, Mizuho Analyst Says

Zscaler (NASDAQ:ZS) had its target price increased by research analysts at Mizuho from $185.00 to $210.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 12.69% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Stephens reissued an “overweight” rating and issued a $200.00 price objective on shares of Zscaler in a research report on Friday, June 12th. KeyCorp raised their target price on shares of Zscaler from $176.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, FBN Securities restated an “outperform” rating and set a $175.00 target price on shares of Zscaler in a report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.72.

Zscaler Trading Up 0.3%

Shares of ZS stock traded up $0.64 during trading hours on Wednesday, hitting $186.34. 791,286 shares of the company were exchanged, compared to its average volume of 3,381,637. The firm has a market cap of $30.13 billion, a PE ratio of -387.65, a PEG ratio of 66.08 and a beta of 0.94. Zscaler has a 1 year low of $114.63 and a 1 year high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $147.88 and a 200 day moving average of $150.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. During the same period in the previous year, the firm earned $0.84 earnings per share. Zscaler’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Analysts expect that Zscaler will post 0.12 earnings per share for the current year.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 3,146 shares of Zscaler stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider directly owned 69,366 shares in the company, valued at approximately $8,769,943.38. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 3,000 shares of Zscaler stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the transaction, the chief financial officer owned 41,901 shares of the company’s stock, valued at approximately $5,204,942.22. The trade was a 6.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,269 shares of company stock valued at $2,052,589 in the last 90 days. 17.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zscaler

A number of institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its position in shares of Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Zscaler by 8.2% during the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after acquiring an additional 370 shares during the period. Empowered Funds LLC increased its stake in Zscaler by 9.2% during the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after buying an additional 238 shares during the period. Sivia Capital Partners LLC acquired a new position in Zscaler during the second quarter worth about $252,000. Finally, Jump Financial LLC bought a new stake in shares of Zscaler in the 2nd quarter worth approximately $3,019,000. Institutional investors own 46.45% of the company’s stock.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on Zscaler from $175 to $200 and upgraded the stock to “Buy,” citing a potential 7.4% gain from recent levels. Benzinga analyst note
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “Overweight” rating and maintained a $225 target, implying roughly 21% upside. The firm is particularly bullish on synergies from Zscaler’s Red Canary acquisition. Cantor Fitzgerald analyst note
• Positive Sentiment: Oppenheimer expects Zscaler to produce a slight upside surprise in fiscal fourth-quarter results. The forecast supports confidence in execution, although the expected beat appears modest. Oppenheimer Q4 outlook
• Positive Sentiment: Zscaler expanded its partnership with Carahsoft to distribute the Zero Trust Exchange to U.S. small and midsize businesses, broadening its sales reach and potential customer base. Zscaler and Carahsoft partnership
• Neutral Sentiment: Analyst commentary is mixed overall. Zscaler recently exceeded quarterly earnings and revenue expectations, with revenue up 25.4% year over year, but investors appear to require stronger forward growth to justify its elevated valuation. Conflicting analyst sentiment
• Negative Sentiment: A comparison with Okta argues that Okta currently offers steadier growth, a lower valuation, cross-selling potential and greater AI-agent upside, creating a relative-investment headwind for Zscaler. Zscaler versus Okta comparison

Zscaler Company Profile

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.