Zscaler, Inc. (ZS) Nears 52-Week High; UBS Raises PT to $365

Zscaler, Inc. (NASDAQ:ZS) is included in our list of the 12 Unstoppable Artificial Intelligence (AI) Stocks to Buy Right Now.

On June 27, 2025, UBS increased its price target on Zscaler, Inc. (NASDAQ:ZS) from $315 to $365, maintaining a ‘Buy’ rating. ZS has returned 51.03% in the past six months and 169.72% in the past year. Furthermore, the stock nearing its 52-week high with a share price of $209.24 as of the time of writing, benefiting from investor confidence in its long-term growth.

UBS attributed its price revision to Zscaler, Inc. (NASDAQ:ZS)’s strong fiscal Q3 earnings. Furthermore, the analyst cited positive customer and partner feedback, new annual recurring revenue metrics, and increasing platform adoption. UBS also increased its enterprise value-to-sales (EV/Sales) multiple from 14x to 16x, bringing it in line with broader market conditions and reflecting the company’s fiscal 2026 potential.

Zscaler, Inc. (NASDAQ:ZS) helps protect enterprise networks, applications, and data with its cloud-native solutions. It is included in our list of the unstoppable stocks.

While we acknowledge the potential of ZS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.