Zscaler, Inc. (NASDAQ:ZS) is among the 10 Best Consensus Buy-Rated Stocks to Invest in. On February 13, 2026, Bernstein analyst Peter Weed upgraded Zscaler, Inc. (NASDAQ:ZS) to Outperform from Market Perform with a price target of $228. The firm cited valuation for the upgrade, calling Zscaler the “cheapest” cybersecurity vendor. Bernstein said growth is expected to fall below 20% by 2028 and decline through 15% within five years, but added that the company should continue adding new customers, albeit at a 25%–35% slower pace than pre-2024 levels.
On February 11, 2026, RBC Capital analyst Matthew Hedberg lowered his price target on Zscaler to $250 from $290 and maintained an Outperform rating as part of a broader Q4 software preview. The firm cited negative investor sentiment toward software and said it prefers companies with a clearer path to AI monetization and consolidation across cyber, data and infrastructure, and vertical SaaS. RBC also said it is updating its price target models to reflect significant year-to-date multiple compression.
On February 6, 2026, Zscaler announced the acquisition of SquareX to expand its zero-trust capabilities into the browser. The company said the deal is intended to redefine browser security by enabling lightweight extensions across any browser, removing the need for third-party browsers. The acquisition closed on February 5, and financial terms were not disclosed.
Zscaler, Inc. (NASDAQ:ZS) operates as a cloud security company, offering products such as Zscaler Internet Access, Zscaler Private Access, Zero Trust Firewall, Cloud Sandbox, and Zero Trust Browser.
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