Canaccord Genuity Rates Zscaler (ZS) buy, $210 Price Target

Canaccord Genuity continues to back Zscaler, Inc. with a buy rating and sets a price target of $210, a 65.06% upside from the current price.

By TradeTexts Research Desk · Published Jun 12, 2026, 9:12 PM EDT · Updated Jun 17, 2026, 9:01 AM EDT

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Canaccord Genuity rated Zscaler, Inc. ($ZS) "buy" with a $210 price target on June 11, 2026.

Since the rating, $ZS is down 1.0% after 1 week, up 12.5% after 1 month and up 64.4% to date (from the $126.11 close on Jun 11, 2026).

ZS Zscaler, Inc.

$207.38 -5.98% year to date

Daily close · Oct 16, 2026

Key Points

On June 11, 2026, Canaccord Genuity reiterated its buy rating on Zscaler, Inc. with a price target of $210.
Canaccord Genuity's $210 price target implies 65.06% upside from Zscaler, Inc.'s ($ZS) current $127.23 share price.
Zscaler, Inc. shares are currently trading at $127.23, down from a recent close of $220.79.
The average price target among analysts for Zscaler is approximately $233.72.

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Canaccord Genuity Supports Zscaler with Buy Rating

On June 11, 2026, Canaccord Genuity reaffirmed its buy rating on Zscaler, Inc. (NASDAQ: ZS) and set a price target of $210. This rating comes as Zscaler shares are trading at $127.23, significantly lower than their previous close of $220.79.

Rating Consistency Amid Market Fluctuations

Canaccord Genuity's continued support shows confidence in Zscaler's business model and growth potential. The firm’s action to reiterate its buy rating indicates a belief that the stock is undervalued at current levels. While the price target of $210 suggests substantial upside, it’s worth noting that this is a drop from earlier targets set by other analysts, such as Citigroup, which recently raised its price target to $260 on October 15, 2026.

Analysts Set New Price Targets

The consensus among industry analysts remains positive. Citigroup maintains a 'Buy' rating with a target increase from $245 to $260. Similarly, Citizens upgraded its rating to 'Market Outperform' with a target of $265 on October 9, 2026. Other firms like Amerx initiated coverage with a 'Buy' rating and a target of $305 on October 8, 2026. This suggests that there is a strong belief in Zscaler's potential, especially with its innovative cloud security solutions.

Stock Performance Context

Zscaler's stock is currently trading at $127.23, well below its 52-week high of $336.99 and closer to its low of $114.62. This significant decline could attract investors looking for a rebound in the stock. The price also sits below the 50-day moving average of $189.91, indicating that it may be undervalued compared to its average trading performance.

12-month forecast

$ZS price target

Zscaler, Inc. daily closes and this analyst's $210 target. Not advice.

Financials and Future Outlook

Zscaler reported revenue of approximately $3.35 billion, with a revenue growth rate of 24.9%. However, the company is currently operating at a loss, with a negative EPS of -$0.39. Investors will be watching closely as the next earnings report is expected on November 24, 2026, which could provide crucial insights into its financial health and market performance.

What Zscaler, Inc. Does

Zscaler, Inc. specializes in cloud security, offering robust solutions to protect against cyber threats. With a focus on Zero Trust architecture, the company serves various sectors including healthcare, financial services, and government. As the digital landscape evolves, Zscaler's role in enhancing cyber security becomes increasingly vital.

What’s Next for Zscaler

Looking ahead, investors should keep an eye out for the upcoming earnings report on November 24, 2026. Canaccord Genuity's reaffirmation of its buy rating highlights the confidence in Zscaler's growth trajectory, despite current market pressures. It's important to remember that the recent rating is based on the firm’s analysis prior to the earnings call, so expectations may shift based on upcoming financial results.