KeyBanc Lowers its Price Target on Zscaler (ZS)
Key takeaways
- Key Banc Lowers its Price Target on Zscaler (ZS) Jeff Lewis Sun, June 28, 2026 at 2:32 AM GMT+7 2 min read ZS Zscaler, Inc.
- On June 25, 2026, Key Banc lowered its price target on Zscaler, Inc.
- Earlier in June, Guggenheim upgraded Zscaler to Buy from Neutral with a $214 price target.
Key Banc Lowers its Price Target on Zscaler (ZS) Jeff Lewis Sun, June 28, 2026 at 2:32 AM GMT+7 2 min read 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, Key Banc lowered its price target on Zscaler, Inc. (NASDAQ:ZS) to $176 from $190 and kept an Overweight rating. Key Banc'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.