KeyBanc Lowers its Price Target on Zscaler (ZS)

Zscaler, Inc. (NASDAQ:ZS) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.

On June 25, 2026, KeyBanc lowered its price target on Zscaler, Inc. (NASDAQ:ZS) to $176 from $190 and kept an Overweight rating. KeyBanc's chief investment officer survey for the first half of 2026 showed the gap "between the haves and the have-nots in the IT budget just got wider." The firm said AI and AI-readiness spending rose sharply in priority and recommended investors stick with security, data, infrastructure, and monitoring names.

Earlier in June, Guggenheim upgraded Zscaler to Buy from Neutral with a $214 price target. Guggenheim called Zscaler a "trust me story," but said the valuation presents an opportunity to buy a category leader in a still nascent and hyper-growth market. The firm also said Zscaler's relevance is likely to grow in the AI era, especially with C-level executives who believe in Zero Trust security.

Last month, Wells Fargo lowered its price target on Zscaler to $180 from $210 and kept an Overweight rating. Wells Fargo said resetting next year's top-line numbers was needed, but noted that several noise factors, including meaningful free cash flow headwinds, w

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/keybanc-lowers-price-target-zscaler-193234733.html)