Zscaler, Inc. (NASDAQ:ZS) stock is trading higher by almost 7% on Wednesday after DA Davidson initiated coverage with a Neutral rating and announced price target of $215.
The stock also benefited from a broader technology rally. 33% gain.
• Zscaler shares are powering higher. What’s behind ZS gains?
’s (NASDAQ:NVDA) OpenShell Reference Architecture, strengthening security and governance for autonomous AI agents across enterprise environments. Strengthening AI Agent Security The Nvidia OpenShell Reference Architecture announced during its GTC Berlin event, provides an infrastructure framework for building, monitoring, isolating and governing autonomous AI agents across enterprise systems and edge environments.
The collaboration combines Nvidia’s AI agent infrastructure with Zscaler’s Zero Trust Exchange platform. The integration is designed to help organizations prevent unauthorized access, protect sensitive data and limit potential damage from compromised or unintended AI agent behavior.
“AI capability and safety must advance together. As enterprises prepare to deploy billions of AI agents, safety and control must be built into the computing architecture,” Nvidia CEO Jensen Huang said in a statement.
In early October, Zscaler announced a security collaboration with IBM (NYSE:IBM) and Red Hat. CEO Jay Chaudhry said the rise of agentic AI creates a tailwind for Zscaler’s Platform and will drive it towards its $10 billion ARR target.
Zscaler Reaffirms Fiscal 2027 Outlook Recently, on Oct. 6, Zscaler reaffirmed its first-quarter and fiscal 2027 outlook at its Investor Day.
024 million estimate. 08 estimate.
899 billion estimate. 426 billion.
60 estimate. 76).
That upward trend is reinforced by the Golden Cross that occurred in September (50-day SMA above the 200-day SMA). MACD is below its signal line and the histogram is negative, which points to cooling upside pressure versus the prior upswing.
Key Resistance: $237 — Nearby pivot/round-number area where rebounds can stall. 50 — Prior demand zone that sits closer to the stock’s recent consolidation area.
60. Recent analyst moves include: DA Davidson: Initiated with Neutral (Target $215 on Oct.
21) Citigroup: Buy (Raises target to $260 on Oct. 15) Citizens: Market Outperform (Raises target to $265 on Oct.
61 on the Benzinga Edge scorecard. The reading implies that the stock is showing strong relative strength versus the broader market.
48% weighting in the First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR). 66% of the iShares Cybersecurity and Tech ETF (NYSE:IHAK).
Because Zscaler has sizable weightings in these funds, ETF inflows and outflows can contribute to buying or selling pressure. 38 at the time of publication on Wednesday, according to Benzinga Pro data.
