Zscaler (ZS) Stock Forecast & Price Target

$184.10

-2.06 (-1.11%)

(As of 12:04 PM ET)

Zscaler - Analysts' Recommendations and Stock Price Forecast (2024)

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
10

Buy
24

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, 10 have given a hold rating, 23 have given a buy rating, and 1 has given a strong buy rating for ZS.

Consensus Price Target

$216.73
18.17% Upside

According to the 34 analysts' twelve-month price targets for Zscaler, the average price target is $216.73. The highest price target for ZS is $270.00, while the lowest price target for ZS is $165.00. The average price target represents a forecasted upside of 18.17% from the current price of $184.10.

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ZS Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	23 Buy rating(s)	24 Buy rating(s)	26 Buy rating(s)	25 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$216.73	$218.39	$225.21	$181.94
Forecasted Upside	18.17% Upside	24.95% Upside	23.74% Upside	10.41% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.74	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	17.52% Upside	1,035.46% Upside	8.19% Upside
News Sentiment Rating	Positive News See Recent ZS News	Neutral 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
10/8/2024	BNP Paribas 3 of 5 stars	A. Degasperi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$180.00	+4.57%
10/4/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$240.00 ➝ $230.00	+31.58%
9/5/2024	Susquehanna 2 of 5 stars		Reiterated Rating	Positive ➝ Positive	$210.00 ➝ $210.00	+32.24%
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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$230.00 ➝ $220.00	+40.01%
9/4/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$270.00 ➝ $270.00	+70.21%
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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	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$260.00 ➝ $230.00	+42.95%
9/4/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$255.00 ➝ $215.00	+33.63%
9/4/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$220.00 ➝ $205.00	+27.42%
9/4/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$220.00 ➝ $220.00	+36.74%
9/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$210.00 ➝ $195.00	+23.55%
9/4/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$182.00 ➝ $180.00	+14.05%
9/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$230.00 ➝ $230.00	+45.73%
9/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$230.00 ➝ $200.00	+26.72%
9/4/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$180.00 ➝ $165.00	-14.59%
9/4/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$200.00 ➝ $170.00	-12.00%
9/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$208.00 ➝ $197.00	+1.97%
9/4/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$290.00 ➝ $235.00	+21.64%
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%
8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$202.00 ➝ $215.00	+8.08%
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
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Moskowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$220.00 ➝ $220.00	+7.60%
6/4/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$260.00 ➝ $220.00	+29.53%
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%
4/18/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Weight ➝ Overweight	$220.00	+27.20%
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%
10/19/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$170.00 ➝ $225.00	+32.04%
9/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$155.00 ➝ $185.00	+13.68%
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%
3/8/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
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1/17/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
12/1/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nina Marques Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$135.00	+1.16%
11/28/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$225.00 ➝ $190.00	+39.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:20 PM 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 Friday, October 18, 2024. 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. has a strong average rating of "Moderate Buy" from analysts, indicating positive sentiment towards the company's performance.
Institutional investors, such as Vanguard Group Inc. and Mirae Asset Global Investments Co. Ltd., have been increasing their stakes in Zscaler, Inc., which can be a positive sign for the company's growth potential.
Recent insider selling of company stock could indicate confidence in the company's future performance, as insiders typically have a good understanding of the company's prospects.
Zscaler, Inc. operates as a cloud security company, a sector that has been experiencing significant growth due to the increasing importance of cybersecurity in the digital age.
Despite some price target reductions by analysts, Zscaler, Inc. still maintains a relatively high average target price of $218.39, suggesting potential upside for investors.

Zscaler
Bear Case

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

Multiple analysts have downgraded Zscaler, Inc.'s ratings and reduced price targets, which could indicate concerns about the company's future performance.
Despite positive institutional investor activity, the company's stock has seen insider selling, which may raise questions about the company's near-term outlook.
Zscaler, Inc. is expected to post negative earnings per share for the current fiscal year, which could deter some investors looking for profitable opportunities.
The cloud security industry is highly competitive, and Zscaler, Inc. faces challenges from other established players in the market, potentially impacting its market share and growth prospects.
With a significant percentage of the company's stock owned by insiders, there may be concerns about potential conflicts of interest or lack of diversification in ownership.

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 $216.73, with a high forecast of $270.00 and a low forecast of $165.00.
: 34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last twelve months. There are currently 10 hold ratings, 23 buy ratings and 1 strong buy rating 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 17.72% based on their 12-month stock forecasts.
: Over the previous 90 days, Zscaler's stock had 1 downgrade by analysts.
: Zscaler has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BNP Paribas, BTIG Research, Cantor Fitzgerald, Citigroup, JMP Securities, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, Susquehanna, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Zscaler more than other "computer and technology" companies. The consensus rating score for Zscaler is 2.74 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how ZS compares to other companies.