Zscaler price targets rise after Q4, but the raises span $165 to $225

Several brokerages raised their price targets for cloud security company Zscaler on September 4, 2026, citing fourth-quarter earnings and growth in its AI-driven security products. The raises were not uniform: Wells Fargo went to $215 from $210 with an Overweight rating and Stephens to $225 from $200, also Overweight, while Morgan Stanley lifted its target only to $165 from $145 and kept an Equal-Weight rating. The spread leaves the sell-side more divided on valuation than the direction of the raises alone suggests.

A wave of price-target increases followed Zscaler's fourth-quarter results on September 4, 2026, as the company pointed to growth in its AI-powered security products. Wells Fargo raised its target to $215 from $210 and kept an Overweight rating.

The raises were not uniform. Stephens moved to $225 from $200 with an Overweight rating, the highest of the group, while Morgan Stanley lifted its target only to $165 from $145 and stayed at Equal-Weight, well below the rest of the cohort .

That spread matters more than the direction. A cluster of same-day raises reads as consensus enthusiasm, but a $165 Equal-Weight sitting alongside a $225 Overweight is a real disagreement about what the AI security growth is worth, not a rounding difference. Anyone reading ZS off the headline raises alone would miss it.

Market participants will watch Zscaler's upcoming guidance and any further adoption metrics for its AI security services. Continued analyst support could sustain the stock's upward momentum, while any slowdown in growth or competitive pressures may prompt a reassessment of the elevated targets.

Zscaler price targets rise after Q4, but the raises span $165 to $225

Related Stocks