Cantor Fitzgerald reiterates Zscaler stock rating on AI security momentum

Investing.com - Cantor Fitzgerald reiterated an Overweight stock rating and $225.00 price target on Zscaler (NASDAQ:ZS) following the company’s annual customer and partner conference. The firm attended Zenith Live in Las Vegas this week, where Zscaler presented updates on AI security monetization, Zero Trust and AI agent innovation, and go-to-market refinement. Cantor Fitzgerald noted growing customer urgency around securing AI, with Zscaler positioning its platform as a control layer for AI usage, agent activity, and data access. Management emphasized the continued relevance of Zero Trust architecture as customers seek to reduce attack surface and limit lateral movement.

The firm attended Zenith Live in Las Vegas this week, where Zscaler presented updates on AI security monetization, Zero Trust and AI agent innovation, and go-to-market refinement.

Cantor Fitzgerald noted growing customer urgency around securing AI, with Zscaler positioning its platform as a control layer for AI usage, agent activity, and data access. Management emphasized the continued relevance of Zero Trust architecture as customers seek to reduce attack surface and limit lateral movement.

The company highlighted efforts to secure users, branches, workloads, and AI agents through a common platform. Zscaler also discussed ongoing efforts to improve new logo execution, particularly in underpenetrated enterprise segments.

Cantor Fitzgerald maintained its 12-month price target of $225 on the stock. This target aligns with the broader analyst community, where the consensus high target stands at $250 and the low at $145. According to InvestingPro Tips highlight that 41 analysts have revised their earnings upwards for the upcoming period, reinforcing positive sentiment around Zscaler’s AI security strategy. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for Zscaler and 1,400+ other US equities, which transforms complex data into actionable intelligence.

In other recent news, Zscaler reported strong fiscal third-quarter 2026 results, outperforming FactSet consensus estimates for revenue, annual recurring revenue, and earnings per . The company also raised its full-year fiscal 2026 revenue guidance, although it lowered its free cash flow guidance due to increased capital expenditures for data-center equipment. In a strategic move, Zscaler expanded its Project AI-Guardian initiative by partnering with technology companies such as AWS, Google Cloud, and OpenAI, along with new system integrators Coforge and NTT DATA. Additionally, Zscaler launched new security products aimed at protecting autonomous AI agents, introducing the Zscaler AI Broker and Zscaler Endpoint AI Security.

Analysts have been active in adjusting their outlooks for Zscaler. Cantor Fitzgerald lowered its price target for the company to $225, maintaining an Overweight rating, while Freedom Broker reduced its target to $230 but kept a Buy rating. Meanwhile, Guggenheim upgraded Zscaler’s stock rating to Buy from Neutral, setting a price target of $214, following a drop in the company’s price after its earnings report. Despite some concerns growth, these developments highlight Zscaler’s ongoing efforts to strengthen its position in the cybersecurity market.

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