Citizens Remains a Buy on ​Zscaler, Inc (ZS)

​Zscaler, Inc. (NASDAQ:ZS) is one of the Best Cybersecurity Stocks to Buy in 2026. On January 20, Citizens reiterated a Market Outperform rating on the stock with a $335 price target. Earlier on January 13, Fatima Boolani from Citi reiterated a Buy rating on Zscaler, Inc. (NASDAQ:ZS) and lowered the price target from $350 to $305.

​Analysts at Citizens noted that they like the company’s ability to retain its customers. The firm highlighted that customers face a high cost of switching, extensive onboarding timelines, and complex migrations, which help the company retain customers. Moreover, according to the firm, the average onboarding period for network security solutions takes around 50 to 180 days, and puts companies in a situation where they have to pay existing and new providers. As a result, Citizens sees strong renewal activity for Zscaler, Inc. (NASDAQ:ZS).

​On the other hand, Citi noted that the reduced price target reflects the firm’s updated outlook on the software security segment after surveying chief information security officers of various companies.

​Zscaler Inc. (NASDAQ:ZS) is a cloud-based security company that provides cybersecurity solutions by protecting user access to applications and data, regardless of location. It replaces traditional hardware-based security, such as VPNs and firewalls, with its cloud-native Zero Trust Exchange platform, which secures internet access and private applications.

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Disclosure: None. This article is originally published at Insider Monkey.