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theglobeandmail.comSEP 52 min read$ZS

Analysts Offer Insights on Technology Companies: Zscaler (ZS), Salesforce (CRM) and JFrog (FROG)

Analysts from Stifel Nicolaus maintained Buy ratings on Zscaler (ZS) with a $200 target, Salesforce (CRM) with a $275 target, and JFrog (FROG) with a $102 target. Consensus targets suggest 16.3%, 1.8%, and 23.6% upside respectively. Analysts' success rates and sector focus were also noted.

Original reporting
theglobeandmail.com
Published Sep 5, 2026, 1:42 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Sep 5, 2026, 4:32 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Analysts Offer Insights on Technology Companies: Zscaler (ZS), Salesforce (CRM) and JFrog (FROG) — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$ZSBullishMed
01

Why it matters

The new targets suggest modest upside for each stock, with Zscaler and JFrog showing the larger premium.

02

Market read

New analyst ratings provide fresh price targets that could influence short‑term trading decisions in the tech sector.

03

What to watch

Macro slowdown or valuation concerns may limit upside despite higher targets.

Relevance 7/10Novelty 6/10Timing: today

Background

Three Stifel analysts released fresh Buy ratings and price targets for Zscaler, Salesforce, and JFrog on the same day.

Company-level read

Ticker impact

$ZSBullishHigh confidence
Context

Stifel analyst Adam Borg issued a new Buy rating with a $200 price target for Zscaler today.

Expected impact

Potential upside of ~16% from current price.

Evidence & confidence

Buy rating and $200 target exceed current price, indicating strong upside.

$CRMNeutralMedium confidence
Context

Stifel analyst J. Parker Lane maintained a Buy rating with a $275 price target for Salesforce today.

Expected impact

Potential upside of ~5% from current price.

Evidence & confidence

Target is close to current level, limited upside.

$FROGBullishHigh confidence
Context

Stifel analyst Brad Reback issued a Buy rating with a $102 price target for JFrog today.

Expected impact

Potential upside of ~13% from current price.

Evidence & confidence

Target represents a notable premium to current price.

Market effects

Sector

Analyst optimism may lift sentiment across the broader cybersecurity and enterprise software sector.

Regional

U.S. tech stocks could see modest gains in the near term.

Global

Positive ratings may influence overseas investors tracking U.S. tech exposure.

Counterpoint

What could challenge this read

Ratings could be premature if upcoming earnings miss expectations.

Key entities

  • Analyst
    Adam Borg

    Stifel Nicolaus analyst covering Zscaler.

  • Analyst
    J. Parker Lane

    Stifel Nicolaus analyst covering Salesforce.

  • Analyst
    Brad Reback

    Stifel Nicolaus analyst covering JFrog.

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Analysts Offer Insights on Technology Companies: Zscaler (ZS), Salesforce (CRM) and JFrog (FROG) — alphai