{
  "id": 9770665,
  "title": "RBC Capital raises Zscaler stock price target on smooth transition",
  "url": "https://urgent.news/2026/09/25/rbc-capital-raises-zscaler-stock-price-target-on-smooth-transition",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T13:20:43.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/rbc-capital-raises-zscaler-stock-price-target-on-smooth-transition-93CH-4917620"
  },
  "original_language": "en",
  "account": "RBC Capital has increased its price target on Zscaler Inc. shares to $236 from $210, maintaining an Outperform rating. The stock is currently trading at $214.64, and according to InvestingPro analysis, it remains undervalued compared to its Fair Value. The adjustment in the target was prompted by Zscaler’s announcement of a change in the Chief Revenue Officer (CRO) position. Mike Rich resigned from the CRO role due to personal reasons, with Ross Tackett, the head of worldwide sales, being appointed as the new CRO. RBC Capital clarified that the decision is not a result of disagreement or performance issues. They anticipate a smooth transition, without any impact on the go-to-market strategy. Tackett had previously been in charge of worldwide sales since May and had worked alongside Mike Rich at ServiceNow. The firm's expectation for the price increase is based on peer multiple expansion. Zscaler's performance has been robust, with a 54% return over the past six months and impressive gross profit margins of 77%. Investors show optimism, as 36 analysts have revised their earnings estimates upwards for the upcoming period. Zscaler reported strong fourth-quarter results, with revenue reaching $898.2 million, a 25% year-over-year increase, surpassing consensus estimates by 2.4%. This positive financial outcome led FBN Securities to raise its price target to $190 while maintaining an Outperform rating. JPMorgan also reiterated its Overweight rating and raised its price target to $215. Other firms, such as Mizuho and Guggenheim, have maintained positive outlooks, with Mizuho raising its price target to $220 and Guggenheim keeping a Buy rating with a $214 price target. These developments demonstrate continued investor confidence in Zscaler's growth trajectory.",
  "summary": null,
  "key_points": [
    "RBC Capital raises Zscaler's stock price target to $236 from $210.",
    "Mike Rich resigned as CRO due to personal reasons, Ross Tackett appointed as new CRO.",
    "Positive transition expected with no impact on go-to-market strategy."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "RBC Capital cuts Ameren stock price target on valuation concerns",
        "url": "https://urgent.news/2026/09/25/rbc-capital-cuts-ameren-stock-price-target-on-valuation-concerns",
        "published": "2026-09-25T13:20:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}