Zscaler (ZS) Price Target Lowered to $176 by KeyBanc

On June 25, 2026, KeyBanc lowered its price target on Zscaler, Inc. (ZS) from $190 to $176 while maintaining an Overweight rating. This adjustment comes amid a broader analysis revealing disparities in IT budgets and increased focus on AI and AI-readiness spending. Earlier, Guggenheim upgraded Zscaler to Buy from Neutral with a price target of $214, emphasizing strong growth potential in the security sector. Additionally, Wells Fargo reduced its target for Zscaler from $210 to $180, highlighting necessary adjustments to future revenue projections.