KeyBanc Lowers its Price Target on Zscaler (ZS)

On June 25, 2026, KeyBanc lowered its terms people connected Zscaler, Inc. (NASDAQ:ZS) to $176 from $190 and kept an Overweight rating. KeyBanc's main concern serviceman survey for the archetypal fractional of 2026 showed the spread "between the haves and the have-nots successful the IT fund conscionable got wider." The steadfast said AI and AI-readiness spending roseate sharply successful precedence and recommended investors instrumentality with security, data, infrastructure, and monitoring names.

Earlier successful June, Guggenheim upgraded Zscaler to Buy from Neutral with a $214 terms target. Guggenheim called Zscaler a "trust maine story," but said the valuation presents an accidental to bargain a class person successful a inactive nascent and hyper-growth market. The steadfast besides said Zscaler's relevance is apt to turn successful the AI era, particularly with C-level executives who judge successful Zero Trust security.

Last month, Wells Fargo lowered its terms people connected Zscaler to $180 from $210 and kept an Overweight rating. Wells Fargo said resetting adjacent year's top-line numbers was needed, but noted that respective sound factors, including meaningful escaped currency travel headwinds, would apt support investors sidelined for now. The steadfast said that Zenith, successful a mates of weeks, could supply much clarity.

Zscaler, Inc. (NASDAQ:ZS) operates arsenic a unreality information institution worldwide.

While we admit the imaginable of ZS arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey connected Google News.