Z gate (or Pauli-Z gate, or phase flip gate) is a single-qubit gate that applies a phase flip to the $\lvert 1\rangle$ state while leaving $\lvert 0\rangle$ unchanged. It is the third Pauli gate and a special case of the phase gate with $\phi = \pi$.
$$Z = \begin{pmatrix}1 & 0\\ 0 & -1\end{pmatrix}$$
The gate leaves the computational basis states $\lvert 0\rangle$ and $\lvert 1\rangle$ as eigenstates, and swaps the Hadamard basis states:
$$Z\lvert 0\rangle = \lvert 0\rangle \qquad Z\lvert 1\rangle = -\lvert 1\rangle$$ $$Z\lvert +\rangle = \lvert -\rangle \qquad Z\lvert -\rangle = \lvert +\rangle$$
The phase flip does not change measurement outcomes in the computational basis — $|-1|^2 = 1$ — but it changes interference patterns, making it observable in rotated bases. On the Bloch sphere, $Z$ corresponds to a $\pi$ rotation about the $z$-axis. The $S$ and $T$ gates are the square root and fourth root of $Z$ respectively: $S^2 = Z$ and $T^2 = S$.