Citizens Raises Zscaler (ZS) Price Target to $265

Citizens has reiterated its Market Outperform rating for Zscaler, Inc., raising the price target to $265 on October 9, 2026, a 28.23% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:13 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Citizens raised its price target on Zscaler, Inc. ($ZS) to $265 from $210 on October 9, 2026, and rates the stock "Market Outperform".

Since the rating, $ZS is down 11.3% after 1 week and down 11.3% to date (from the $233.73 close on Oct 9, 2026).

ZS Zscaler, Inc.

$207.38 -5.98% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Citizens reiterated its Market Outperform rating on Zscaler, Inc., increasing the price target from $210 to $265.
Citizens's $265 price target implies 28.23% upside from Zscaler, Inc.'s ($ZS) current $206.66 share price.
The stock recently traded around $206.66, which is below the mean analyst target of $233.72 and about 22% under Citizens' new target.
Zscaler's revenue for the trailing twelve months reached approximately $3.35 billion, with a year-over-year growth rate of 24.9%.

Get $ZS trade alerts by text

We text you when insiders, Congress or big funds trade $ZS. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Zscaler, Inc. alert may contain errors. Disclosures

Citizens has reiterated its Market Outperform rating for Zscaler, Inc. (NasdaqGS: ZS) and raised the price target from $210 to $265 on October 9, 2026. This update comes as the stock trades recently around $206.66, which is below the updated target and the mean analyst target of $233.72.

Other Institutional Activity in Zscaler, Inc.

Several other institutional investors have shown interest in Zscaler recently. Blackrock Inc. increased its holdings by 1,322,088 shares, totaling 9,890,384 shares worth about $2.05 billion. Vanguard Portfolio Management LLC also added 266,277 shares, bringing its total to 6,196,726 shares valued at approximately $1.29 billion. Additionally, Vanguard Capital Management LLC grew its stake by 60,590 shares, ending with 4,721,393 shares worth about $979 million.

Zscaler, Inc. Stock Down 6.4%

Zscaler's stock is currently trading above its 50-day moving average by 8.8% and above its 200-day moving average by 24.5%. However, it is still below its 52-week high by 38.7%. The recent trading level suggests a strong upward trend, but it remains under analyst expectations, being about 22% below the updated price target set by Citizens.

12-month forecast

$ZS price target

Zscaler, Inc. daily closes and this analyst's $265 target. Not advice.

Recent Earnings

Zscaler reported trailing twelve-month revenue of approximately $3.35 billion, reflecting a year-over-year growth rate of 24.9%. However, the company has not been profitable, with a net margin of -1.9% and a return on equity of -2.9%. The next earnings report is scheduled for November 24, 2026.

Insider Buying and Selling at Zscaler, Inc.

Recent insider transactions include Director James Alexander Beer selling 177 shares at $192.01 on September 17, 2026, totaling about $33,986. Officer Adam Geller sold 661 shares at $200.00 on September 21, 2026, for a value of $132,200. In the same vein, Officer Robert S Schlossman sold 5,394 shares at $200.00 on September 21, 2026, valued at $1,078,800. CFO Kevin E Rubin sold 519 shares on September 25, 2026, for approximately $102,390.

Analysts Set New Price Targets

On October 7, 2026, several firms maintained their ratings on Zscaler. Macquarie maintained an Outperform rating with a target of $250, while UBS also kept a Buy rating at $250. Citigroup maintained its Buy rating but raised its target to $245. Citizens' recent action aligns with these trends, as they set a target of $265, up from $210.

About Zscaler, Inc.

Zscaler, Inc. operates as a cloud security company, providing services that protect organizations from cyber threats. Based in San Jose, California, Zscaler has grown rapidly, driven by increasing demand for cloud security solutions in today's digital landscape.

Bottom Line

Investors should keep an eye on Zscaler’s upcoming earnings report on November 24, 2026, as it will provide further insights into the company's performance. Citizens' updated rating and target reflect a positive outlook compared to its current trading position, which suggests potential for growth as the market evolves.