Freedom Broker Raises Zscaler (ZS) Price Target to $270
Key Points
- Freedom Broker maintained its Buy rating on Zscaler on October 22, 2026, while raising its price target to $270 from $230.
- Freedom Broker's $270 price target implies 13.53% upside from Zscaler, Inc.'s ($ZS) current $237.83 share price.
- Zscaler recently traded around $237.83, sitting well above its 50-day and 200-day moving averages as it approaches its next earnings report on November 24, 2026.
- Wall Street maintains a general buy consensus on the cloud security provider, backed by dozens of analyst opinions.
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Freedom Broker reaffirmed its Buy rating on Zscaler, Inc. (NASDAQ:ZS) on October 22, 2026, while raising its price target from $230.00 to $270.00. The research note arrived as the cloud security firm continued to draw attention from major financial institutions ahead of its upcoming financial updates. Freedom Broker's updated target signals increased confidence in the San Jose-based software provider's market position.
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Freedom Broker's Call on Zscaler
On October 22, 2026, Freedom Broker maintained its positive stance on Zscaler with a Buy rating while lifting its price target to $270.00 from the previous $230.00 level. The move follows a series of updates from other research firms covering the stock in October 2026. Prior to this note, Amerx initiated coverage with a Buy rating and a $305.00 target on October 8, 2026, while Citizens maintained a Market Outperform rating and raised its target from $210.00 to $265.00 on October 9, 2026. Citigroup kept a Buy rating on October 15, 2026, moving its target from $245.00 to $260.00. DA Davidson also initiated coverage on October 21, 2026, with a Neutral rating and a $215.00 target.
Other Institutional Activity in Zscaler
Other large funds adjusted their holdings in the cloud security firm during recent reporting periods. First Trust Advisors LP grew its holdings by 10,556 shares, ending with 3,529,213 shares worth about $839,105,663.00. Pictet Asset Management Holding SA increased its stake by 183,996 shares for a 9.6% change, closing the period with 2,104,621 shares valued at roughly $500,394,677.00. Victory Capital Management Inc. added 119,899 shares, representing a 7.7% increase to reach 1,675,008 shares worth about $398,249,892.00.
Zscaler, Inc. Stock Up 10.9%
Zscaler shares recently traded around $237.83 as of October 22, 2026, matching its close of $237.76 on the day of Freedom Broker's update. The stock has experienced strong momentum, trading 22.2% above its 50-day moving average of $194.67 and 43.5% above its 200-day moving average of $165.78. Shares sit 29.4% below their 52-week high of $336.99 and well above their 52-week low of $114.63.
$ZS price target
Zscaler, Inc. daily closes and this analyst's $270 target. Not advice.
Recent Earnings
Zscaler reported trailing twelve month revenue of $3,352,523,008.00 alongside a year-over-year revenue growth rate of 24.9%. The company posted a negative trailing twelve month earnings per share of -$0.39, with a net margin of -1.9% and a return on equity of -2.9%. The company's next earnings report is scheduled for November 24, 2026.
Insider Buying and Selling at Zscaler, Inc.
Company insiders completed several transactions ahead of Freedom Broker's note. Officer Robert S Schlossman sold 5,394 shares on September 21, 2026, at an average price of $200.00 for a total value of $1,078,800.00. Chief Financial Officer Kevin E Rubin sold 519 shares on September 25, 2026, worth $102,390.00. Chief Product Officer Adam Geller sold 23,958 shares on October 9, 2026, at $225.43 under a planned trading arrangement, followed by another sale of 1,042 shares at $235.95 on October 12, 2026, valued at $245,859.90.
Analysts Set New Price Targets
Overall sentiment from Wall Street remains favorable, with 45 analysts covering the company. The stock carries a consensus buy recommendation and a mean price target of $233.31, with price targets ranging from a low of $164.75 to a high of $298.00.
About Zscaler
Headquartered in San Jose, California, Zscaler, Inc. provides cloud-based security solutions that allow organizations to securely connect users, applications, and devices without traditional perimeter defenses. The company employs roughly 8,700 people and serves customers globally through its zero-trust architecture. Freedom Broker's latest price target adjustment highlights ongoing confidence in the firm's growth trajectory within the enterprise security market.
Bottom Line
Freedom Broker's decision to lift its price target to $270.00 reflects a positive outlook on Zscaler's position in the cloud security sector. Investors will look toward the company's upcoming earnings release on November 24, 2026, for further updates on revenue growth and profitability metrics.
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Source: Freedom Broker's rating change on $ZS (Oct 22, 2026). Written by software, not financial advice. How we make alerts