Fintel reports that on May 18, 2026, B. Riley Securities upgraded their outlook for Zscaler (NasdaqGS:ZS) from Neutral to Buy.
Analyst Price Forecast Suggests 30.22% Upside
As of May 14, 2026, the average one-year price target for Zscaler is $227.46/share. The forecasts range from a low of $141.40 to a high of $336.00. The average price target represents an increase of 30.22% from its latest reported closing price of $174.67 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Zscaler is 3,137MM, an increase of 4.53%. The projected annual non-GAAP EPS is 3.05, a decrease of 7.98% from the prior forecast.
What is the Fund Sentiment?
There are 785 funds or institutions reporting positions in Zscaler. This is an decrease of 542 owner(s) or 40.84% in the last quarter. Average portfolio weight of all funds dedicated to ZS is 0.10%, an increase of 63.72%. Total shares owned by institutions increased in the last three months by 4.93% to 97,022K shares. 
The put/call ratio of ZS is 0.62, indicating a bullish outlook.
What are Other Shareholders Doing?
Vanguard Portfolio Management holds 5,931K shares representing 3.69% ownership of the company.
Vanguard Capital Management holds 4,661K shares representing 2.90% ownership of the company.
First Trust Advisors holds 3,519K shares representing 2.19% ownership of the company. In its prior filing, the firm reported owning 2,583K shares , representing an increase of 26.59%. The firm decreased its portfolio allocation in ZS by 16.68% over the last quarter.
Goldman Sachs Group holds 2,925K shares representing 1.82% ownership of the company. In its prior filing, the firm reported owning 2,412K shares , representing an increase of 17.52%. The firm decreased its portfolio allocation in ZS by 29.57% over the last quarter.
American Century Companies holds 2,384K shares representing 1.48% ownership of the company. In its prior filing, the firm reported owning 2,402K shares , representing a decrease of 0.73%. The firm decreased its portfolio allocation in ZS by 36.58% over the last quarter.
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This story originally appeared on Fintel.
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