Zscaler (NASDAQ:ZS) Stock Rating Upgraded by Wells Fargo & Company

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Wells Fargo & Company has upgraded Zscaler (NASDAQ:ZS) to a “strong-buy” rating, indicating bullish sentiment. This upgrade follows Zscaler’s strong Q2 2026 performance with revenue of $816M and EPS of $1.01, surpassing estimates, and management’s favorable FY26 EPS guidance. Despite the positive news, the stock is trading significantly below its 1-year high, and some analysts have lowered price targets, while insiders have been net sellers, presenting a mixed outlook for near-term investor sentiment.

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