Keybanc Rates Zscaler (ZS) buy, $176 Price Target

Keybanc continues to see upside in Zscaler, maintaining its buy rating and setting a $176 price target.

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Keybanc rated Zscaler, Inc. ($ZS) "buy" with a $176 price target on June 25, 2026.

Since the rating, $ZS is up 19.0% after 1 week, up 19.0% after 1 month and up 67.5% to date (from the $123.80 close on Jun 25, 2026).

ZS Zscaler, Inc.
$207.38 -5.98% year to date
Daily close · Oct 16, 2026

Key Points

  • Keybanc reiterated its buy rating on Zscaler, Inc. with a $176 price target on June 25, 2026.
  • Keybanc's $176 price target implies 33.07% upside from Zscaler, Inc.'s ($ZS) current $132.26 share price.
  • Shares of Zscaler traded near $127.27 on Thursday, with a market cap of about $20.1 billion.
  • Multiple analysts maintain a buy rating, with price targets ranging from $172 to $220.

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Keybanc has reiterated its buy rating on Zscaler, Inc. (NasdaqGS: ZS), setting a price target of $176. This decision was announced on June 25, 2026, by analyst Jackson Ader, who continues to see potential growth for the cloud security firm.

Analyst rating track record

Keybanc vs. the S&P 500

YTD return +45.94% hypothetical
All-time return +72.96% S&P 500 +29.97%
vs. S&P 500 +42.99% ahead of the index

Hypothetical returns from Keybanc's disclosed trades, not real profit or advice. How we model this.

Zscaler, Inc. Stock Down 40.1%

Shares of Zscaler traded near $127.27 on Thursday. The company has a market cap of approximately $20.1 billion and a forward P/E ratio of 27. The stock has a 52-week low of $114.63 and a high of $336.99, with a 50-day moving average of $140.74 and a 200-day moving average of $211.58. Zscaler's current ratio stands at 1.86, with a quick ratio of 1.72 and a debt-to-equity ratio of 78.94.

12-month forecast

$ZS price target

Zscaler, Inc. daily closes and this analyst's $176 target. Not advice.

Recent Earnings

Zscaler reported revenue of around $3.17 billion, reflecting a growth rate of 25.4%. Despite this, the company posted a net margin of -2.44% and a return on equity of -3.71%. The next earnings report is expected on September 2, 2026.

Insider Buying and Selling at Zscaler, Inc.

Several insiders at Zscaler have recently sold shares. On June 22, 2026, Chief Product Officer Adam Geller sold 2,817 shares at an average price of $122.60 under a planned sale. Earlier, on June 16, 2026, CEO Jagtar Singh Chaudhry sold 2,878 shares at $126.43. Other executives, including Chief Legal Officer Robert Schlossman, also made sales on the same day.

Analysts Set New Price Targets

Keybanc maintained its buy rating on Zscaler with a $176 price target on June 25, 2026. On June 12, 2026, Stephens & Co. reiterated a buy rating with a $200 target. Canaccord Genuity maintained a buy rating with a $210 target on June 11, 2026. The consensus among analysts is a buy rating, with an average target price of $193.05 based on 45 analyst opinions.

About Zscaler, Inc.

Zscaler, Inc., based in San Jose, California, is a global leader in cloud security. The company provides a range of cybersecurity solutions, including internet and private access protection, Zero Trust Firewall, and data security products. Led by CEO Jagtar Singh Chaudhry, Zscaler serves various industries, from automotive to telecommunications, with a workforce of over 7,900 employees.

Bottom Line

Keybanc's reiteration of a buy rating for Zscaler underscores confidence in the company's growth prospects despite recent insider selling. Investors closely watch analyst ratings and price targets like these, which reflect potential future performance. As always, it's important to remember that analyst ratings are just one piece of the puzzle, and the latest 13F filings are backward-looking, reflecting past positions.

Source: Keybanc's rating change on $ZS (Jun 25, 2026). Written by software, not financial advice. How we make alerts

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