Zscaler (ZS) Stock Forecast & Price Target

$202.44 -4.54 (-2.19%)

As of 10:42 AM Eastern

Zscaler - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 34 Analyst Ratings

Sell
0

Hold
11

Buy
23

Based on 34 Wall Street analysts who have issued ratings for Zscaler in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 34 analysts, 11 have given a hold rating, and 23 have given a buy rating for ZS.

Consensus Price Target

$226.56
11.92% Upside

According to the 34 analysts' twelve-month price targets for Zscaler, the average price target is $226.56. The highest price target for ZS is $270.00, while the lowest price target for ZS is $170.00. The average price target represents a forecasted upside of 11.92% from the current price of $202.44.

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ZS Analyst Ratings Over Time

Type	Current Forecast 2/22/24 to 2/21/25	1 Month Ago 1/23/24 to 1/22/25	3 Months Ago 11/24/23 to 11/23/24	1 Year Ago 2/22/23 to 2/22/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	23 Buy rating(s)	23 Buy rating(s)	23 Buy rating(s)	28 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$226.56	$225.47	$218.55	$216.34
Forecasted Upside	11.92% Upside	16.87% Upside	3.60% Upside	-4.34% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

ZS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ZS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Zscaler Stock vs. The Competition

Type	Zscaler	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.68	2.68	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	9.01% Upside	52.90% Upside	12.82% Upside
News Sentiment Rating	Positive News See Recent ZS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/21/2025	Barclays 3 of 5 stars	Saket Kalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$220.00 ➝ $250.00	+20.79%
2/12/2025	Mizuho 2 of 5 stars	Gregg Moskowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$210.00 ➝ $225.00	+7.53%
1/21/2025	Scotiabank 5 of 5 stars	Patrick Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$205.00 ➝ $225.00	+17.41%
1/10/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cikos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$240.00 ➝ $240.00	+28.15%
12/4/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$180.00 ➝ $190.00	-8.91%
12/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $235.00	+15.53%
12/3/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral
12/3/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$200.00 ➝ $195.00	-1.89%
12/3/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$245.00 ➝ $250.00	+26.13%
12/3/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$230.00 ➝ $250.00	+26.13%
Get the Latest News and Ratings for ZS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Zscaler and its competitors with MarketBeat's FREE daily newsletter.
12/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$230.00 ➝ $230.00	+16.04%
12/3/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$210.00 ➝ $225.00	+15.27%
12/3/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$270.00 ➝ $240.00	+22.95%
12/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $230.00	+10.31%
12/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $225.00	+7.91%
12/3/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$215.00 ➝ $205.00	-1.68%
12/3/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$215.00 ➝ $235.00	+12.70%
12/3/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$197.00 ➝ $222.00	+6.47%
11/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$220.00 ➝ $240.00	+17.10%
11/27/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$205.00 ➝ $238.00	+17.01%
11/26/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$225.00 ➝ $245.00	+16.43%
11/18/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ruykhaver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/14/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $235.00	+13.12%
10/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Degasperi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$180.00	+4.57%
9/4/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$190.00 ➝ $190.00	+20.92%
9/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$265.00 ➝ $195.00	+22.72%
9/4/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$260.00 ➝ $220.00	+37.92%
9/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$270.00 ➝ $250.00	+55.39%
9/4/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$260.00 ➝ $225.00	+16.47%
7/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Tindle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform
5/31/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$280.00 ➝ $270.00	+56.57%
4/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$260.00	+34.36%
3/19/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$245.00	+27.53%
3/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$189.00 ➝ $215.00	+0.13%
11/28/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $215.00	+12.68%
11/28/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$200.00 ➝ $225.00	+16.90%
11/28/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$195.00 ➝ $215.00	+18.78%
5/9/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/17/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$125.00	+15.60%
3/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$275.00 ➝ $165.00	+52.82%
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3/8/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:43 AM ET.

Should I Buy Zscaler Stock? ZS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, February 20, 2025. Please send any questions or comments about these Zscaler pros and cons to contact@marketbeat.com.

Zscaler
Bull Case

Here are some ways that investors could benefit from investing in Zscaler, Inc.:

Zscaler, Inc. reported earnings per share (EPS) of $0.77, exceeding analysts' expectations of $0.63, indicating strong financial performance and potential for growth.
The company achieved a revenue of $628 million for the quarter, surpassing estimates of $605.51 million, showcasing robust demand for its cloud security solutions.
With a year-over-year revenue increase of 26.4%, Zscaler, Inc. demonstrates significant growth momentum, which could attract more investors looking for expanding companies.
The current stock price is approximately $205.53, reflecting a recent increase of 0.6%, which may indicate positive market sentiment towards the company.
Institutional investors own 46.45% of Zscaler, Inc.'s stock, suggesting confidence from large financial entities in the company's future prospects.

Zscaler
Bear Case

Investors should be bearish about investing in Zscaler, Inc. for these reasons:

Zscaler, Inc. has a negative net margin of 1.58%, which indicates that the company is currently not profitable, raising concerns about its financial health.
The company has a negative return on equity of 0.75%, suggesting that it is not generating sufficient returns for its shareholders, which could deter potential investors.
Analysts forecast a projected EPS of -0.1 for the current fiscal year, indicating expectations of continued losses, which may signal a challenging financial outlook.
Insider selling activity has been noted, with executives selling a total of 10,248 shares valued at over $2 million in the last quarter, which could raise red flags about their confidence in the company's future.
The stock has a high price-to-earnings (PE) ratio of -822.12, which is atypical and may suggest that the stock is overvalued relative to its earnings, posing a risk for investors.

ZS Forecast - Frequently Asked Questions

: According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Zscaler is $226.56, with a high forecast of $270.00 and a low forecast of $170.00.
: 34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last twelve months. There are currently 11 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ZS shares.
: According to analysts, Zscaler's stock has a predicted upside of 11.92% based on their 12-month stock forecasts.
: Zscaler has been rated by research analysts at Barclays, BMO Capital Markets, BTIG Research, Canaccord Genuity Group, Citigroup, Deutsche Bank Aktiengesellschaft, Guggenheim, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., KeyCorp, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Royal Bank of Canada, Scotiabank, Susquehanna, and Wells Fargo & Company in the past 90 days.
: Analysts like Zscaler less than other "computer and technology" companies. The consensus rating score for Zscaler is 2.68 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how ZS compares to other companies.

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This page (NASDAQ:ZS) was last updated on 2/21/2025 by MarketBeat.com Staff

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Zscaler (ZS) Stock Forecast & Price Target