Zscaler (NASDAQ:ZS) Stock Price Target Raised at Robert W. Baird

08 Oct 2026, 04:34 by Amy Steele · The Cerbat Gem

Zscaler (NASDAQ:ZS – Free Report) had its target price raised by Robert W. Baird from $230.00 to $285.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Roth Capital restated a “neutral” rating and issued a $170.00 price target on shares of Zscaler in a report on Saturday, September 5th. Wells Fargo & Company lifted their price objective on shares of Zscaler from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Needham & Company LLC boosted their price objective on shares of Zscaler from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Scotiabank upped their target price on shares of Zscaler from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $225.00 price target on shares of Zscaler in a research note on Friday, September 4th. Thirty-five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.07.

Read Our Latest Stock Analysis on Zscaler

Zscaler Price Performance

ZS opened at $213.55 on Wednesday. The business has a fifty day moving average of $183.14 and a 200 day moving average of $156.23. Zscaler has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock has a market cap of $34.82 billion, a P/E ratio of -547.56, a PEG ratio of 22.12 and a beta of 0.94.

Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The company had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same quarter in the prior year, the company posted $0.89 EPS. Zscaler’s quarterly revenue was up 24.9% on a year-over-year basis. 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, sell-side analysts anticipate that Zscaler will post 0.7 EPS for the current year.

Insider Buying and Selling at Zscaler

In other news, insider Adam Geller sold 5,578 shares of the business’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 $1,075,215.28. Following the completion of the sale, the insider owned 43,553 shares in the company, valued at approximately $8,395,276.28. The trade was a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jagtar Chaudhry sold 2,852 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 29,053 shares of company stock valued at $5,610,165 in the last 90 days. Insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Zscaler

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its position in shares of Zscaler by 18.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock valued at $59,000 after buying an additional 66 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in Zscaler by 84.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 153 shares of the company’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Versant Capital Management Inc grew its stake in Zscaler by 45.6% in the 3rd quarter. Versant Capital Management Inc now owns 230 shares of the company’s stock valued at $46,000 after acquiring an additional 72 shares during the period. Koshinski Asset Management Inc. increased its holdings in Zscaler by 2.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,036 shares of the company’s stock worth $426,000 after acquiring an additional 79 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in Zscaler by 2.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,106 shares of the company’s stock worth $908,000 after acquiring an additional 80 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

Positive Sentiment: Multiple analysts raised their price targets following investor day. Cantor Fitzgerald lifted its target to $275, Robert W. Baird to $285, Needham to $255, UBS, Truist and BNP Paribas Exane to $250, JPMorgan to $245, and Wedbush to $240. The upgrades reflect confidence in AI-security demand, cross-selling opportunities and new customer entry points. Wall Street sees 29% upside for Zscaler as eight firms raise price targets
Positive Sentiment: Zscaler presented AI security as a significant demand catalyst, as enterprises seek protection from AI-agent-driven attacks. Analysts also cited expanding sales capacity, stronger new-customer acquisition and the potential for broader platform adoption. Zscaler Stock Jumps as AI Drives Demand for Zero Trust Platform
Positive Sentiment: A new partnership with IBM and Red Hat will combine Zscaler’s Autonomous Application Shield with remediation tools to protect private applications during active vulnerability windows. The arrangement could strengthen Zscaler’s enterprise reach and product positioning. Zscaler unveils new private app security partnership
Neutral Sentiment: Jefferies said the reaffirmed fiscal 2027 outlook supports near-term confidence, but considers management’s $10 billion fiscal 2031 annual recurring revenue target ambitious. Execution and sustained growth will be necessary to justify the long-term valuation. Zscaler’s $10 billion long-term ARR target looks ambitious
Negative Sentiment: Analyst sentiment is not unanimous. Morgan Stanley maintained an equal-weight rating with a $185 target, below the current trading level, while BTIG reaffirmed its neutral rating. In addition, Pomerantz announced an investigation into potential investor claims, creating a modest headline risk. Pomerantz investor alert

About Zscaler

(Get Free Report)

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