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Zscaler, Inc. (NASDAQ:ZS) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.

On June 25, 2026, KeyBanc lowered its price target on Zscaler, Inc. (NASDAQ:ZS) to $176 from $190 and kept an Overweight rating. KeyBanc's chief investment officer survey for the first half of 2026 showed the gap "between the haves and the have-nots in the IT budget just got wider." The firm said AI and AI-readiness spending rose sharply in priority and recommended investors stick with security, data, infrastructure, and monitoring names.

Earlier in June, Guggenheim upgraded Zscaler to Buy from Neutral with a $214 price target. Guggenheim called Zscaler a "trust me story," but said the valuation presents an opportunity to buy a category leader in a still nascent and hyper-growth market. The firm also said Zscaler's relevance is likely to grow in the AI era, especially with C-level executives who believe in Zero Trust security.

Last month, Wells Fargo lowered its price target on Zscaler to $180 from $210 and kept an Overweight rating. Wells Fargo said resetting next year's top-line numbers was needed, but noted that several noise factors, including meaningful free cash flow headwinds, would likely keep investors sidelined for now. The firm said that Zenith, in a couple of weeks, could provide more clarity.

Zscaler, Inc. (NASDAQ:ZS) operates as a cloud security company worldwide.

While we acknowledge the potential of ZS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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