Zscaler receives reaffirmed ‘outperform’ rating from Royal Bank of Canada

Zscaler (NASDAQ:ZS) has received a reaffirmed ‘outperform’ rating from analysts at Royal Bank of Canada, who set a price target of $236.00. This target suggests a potential upside of approximately 10.84% from the stock’s previous close.

The company has seen various adjustments from other financial institutions, including price target increases from TD Cowen, JPMorgan Chase & Co., and KeyCorp. Currently, the consensus rating for the stock is a ‘Moderate Buy’ with an average price target of $233.28 among 34 analysts.

Additionally, Zscaler held its 2026 Analyst/Investor Day, featuring presentations from key executives including Co-Founder and CEO Jagtar Chaudhry, Chief Product Officer Adam Geller, and CFO Kevin Rubin. The event included participation from various research divisions of major banks such as Barclays, Deutsche Bank, and Citigroup.