Here are the key analyst insights for the cloud security leader:
Wedbush analyst Dan Ives maintained an Outperform rating, while slashing the price target from $300 to $220.
Canaccord Genuity analyst Kingsley Crane reaffirmed a Buy rating, while cutting the price target from $275 to $210.
Rosenblatt Securities analyst Catharine Trebnick reiterated a Buy rating, while lowering the price target from $223 to $200.
Needham analyst Mike Cikos maintained a Buy rating and price target of $180.
Guggenheim Securities analyst John DiFucci reiterated a Neutral rating on the stock.
Check out other analyst stock ratings.
Wedbush: Zscaler's results topped expectations across the board. Total revenues came in at about $850.5 million. That’s higher than the consensus of $835.6 million, Ives said. Although management raised their fiscal 2026 guidance, this came below Street expectations, exerting pressure on the company's shares, he added.
Management's outlook for fiscal 2027 implies a deceleration of 700 basis points (bps) in both ARR (annual recurring revenue) and revenue growth. While Zscaler is "a premier name to own as increased enterprise AI adoption further amplifies the need for zero-trust architecture," the company needs to improve its execution, Ives added.
Canaccord Genuity: Zscaler delivered "admirable" results for the fiscal third quarter. The company reported 25% year-on-year revenue growth and ARR up 25% to $3.5 billion. The company ...
