Zscaler, Inc. (NASDAQ:ZS) stock is trading higher on Tuesday morning. Investors are aggressively positioning themselves ahead of the cloud security company's third-quarter fiscal 2026 earnings report, scheduled for release after the closing bell on Tuesday.
Wall Street Adjusts Forecasts
Several of the market's most accurate analysts recently revised their forecasts. On May 21, Wells Fargo analyst Richard Poland, who holds a 63% accuracy rate, maintained an overweight rating and raised his price forecast from $200 to $210. Concurrently, Rosenblatt's Catharine Trebnick maintained a buy rating and a $223 price forecast.
The positive momentum follows earlier optimism from B. Riley Securities analyst Erik Suppiger. On May 18, Suppiger upgraded ZS from neutral to buy, though he adjusted his price forecast from $275 to $225. Keybanc's Eric Heath also maintained an overweight rating on May 18, lifting his price forecast from $160 to $190.
Historical Earnings Strength
