Core Viewpoint - Zscaler, Inc. (NASDAQ:ZS) is recognized as a high growth large cap stock, with mixed analyst ratings and price target adjustments reflecting market conditions and company performance [1][2]. Group 1: Analyst Ratings and Price Targets - Morgan Stanley reduced the price target for Zscaler's stock from $335 to $305 while maintaining an "Overweight" rating, indicating a belief in the stock's potential despite a flat performance in the cybersecurity sector [1]. - Mizuho upgraded Zscaler's stock from "Neutral" to "Outperform," setting a price objective of $310, citing strong fiscal Q1 2026 results despite a 26% decline in stock over the past six months [2]. Group 2: Market Performance and Positioning - Cybersecurity stocks have remained mainly flat this year, while platform names, including Zscaler, have seen an average increase of approximately 30%, contrasting with a 12% decline in the broader sector [1]. - Zscaler's stock is noted to trade at a peak year-to-date EV to ARR discount compared to its peers, suggesting potential undervaluation in the market [3]. Group 3: Company Overview - Zscaler operates as a cloud security company, focusing on zero trust SASE, positioning itself well within the cybersecurity landscape [2][3].