Truist Securities lowered its price target on Zscaler Inc. (NASDAQ:ZS) to $200 from $250, while maintaining a Buy rating.
The company reported a solid fiscal Q3 2026 beat, but a conservative outlook for FY2027 with 16-17% growth versus 18.4% consensus sent shares down about 20%. Bond.az data indicates strong gross margins near 77%.
Despite the pullback, Truist remains constructive on long-term growth. Sales leadership disruption and tempered new logo expectations influenced the cautious stance.












