Zscaler Inc is trading at $119.62 (5.2% down) today as investors digest a post-earnings selloff and analyst price target adjustments following the Zenith Live 2026 conference.
- Wolfe Research lowered its price target to $150 while maintaining an Outperform rating, reflecting a mix of caution and long-term optimism after the company's AI showcase.
- The stock remains under pressure following a Q3 2026 earnings-driven selloff, despite the company unveiling a fresh AI strategy to drive future growth.
- Several brokerage firms have reaffirmed their bullish outlooks, suggesting that the recent volatility may be a reaction to broader market sentiment rather than fundamental shifts.