Stifel Nicolaus Issues Positive Forecast for Zscaler (NASDAQ:ZS) Stock Price

Key Points

• Stifel Nicolaus has raised its price target for Zscaler (NASDAQ:ZS) from $295 to $330, indicating a potential upside of 20.19% from the previous closing price.
• Zscaler reported $0.89 EPS for the last quarter, exceeding analysts' expectations, with revenue reaching $719.23 million, a 21.3% year-over-year increase.
• Currently, Zscaler holds an average rating of "Moderate Buy" among analysts, with an average target price set at $303.34.

Zscaler (NASDAQ:ZS - Get Free Report) had its price target boosted by analysts at Stifel Nicolaus from $295.00 to $330.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 20.19% from the company's previous close.

A number of other equities analysts have also recently commented on the stock. Evercore ISI lifted their price objective on shares of Zscaler from $245.00 to $290.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. UBS Group boosted their target price on Zscaler from $315.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Mizuho boosted their price target on Zscaler from $275.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. FBN Securities upgraded Zscaler to a "strong-buy" rating in a report on Friday, May 30th. Finally, Roth Capital restated a "neutral" rating on shares of Zscaler in a report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $303.34.

Zscaler Stock Performance

Shares of ZS stock opened at $274.57 on Wednesday. The company has a market capitalization of $42.75 billion, a P/E ratio of -1,056.04, a price-to-earnings-growth ratio of 259.58 and a beta of 1.05. The company's 50 day moving average price is $287.86 and its two-hundred day moving average price is $249.96. Zscaler has a 52 week low of $153.45 and a 52 week high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. The firm had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The business's quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Analysts forecast that Zscaler will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Zscaler news, major shareholder Ajay Mangal sold 120,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $300.89, for a total value of $36,106,800.00. Following the sale, the insider owned 2,550,210 shares of the company's stock, valued at $767,332,686.90. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Schlossman sold 3,590 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $1,090,283.00. Following the completion of the sale, the insider directly owned 92,144 shares in the company, valued at approximately $27,984,132.80. The trade was a 3.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,305 shares of company stock worth $43,199,936 over the last quarter. Insiders own 18.10% of the company's stock.

Institutional Investors Weigh In On Zscaler

Hedge funds have recently made changes to their positions in the company. Parcion Private Wealth LLC raised its stake in shares of Zscaler by 3.3% in the second quarter. Parcion Private Wealth LLC now owns 1,200 shares of the company's stock worth $377,000 after purchasing an additional 38 shares during the last quarter. Secure Asset Management LLC boosted its stake in Zscaler by 1.8% during the second quarter. Secure Asset Management LLC now owns 2,436 shares of the company's stock valued at $765,000 after buying an additional 43 shares during the last quarter. Tlwm raised its position in Zscaler by 1.0% during the second quarter. Tlwm now owns 4,649 shares of the company's stock valued at $1,460,000 after purchasing an additional 44 shares during the period. Sepio Capital LP raised its holdings in shares of Zscaler by 0.6% in the second quarter. Sepio Capital LP now owns 8,209 shares of the company's stock worth $2,577,000 after buying an additional 45 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Zscaler by 7.5% in the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company's stock worth $204,000 after buying an additional 45 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

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