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

Key Points

• Susquehanna has raised its target price for Zscaler from $320 to $340, suggesting a potential upside of 28.34% from the current stock price, while it maintains a "positive" rating on the stock.
• Several other firms, including Rosenblatt Securities and Bank of America, have also increased their target prices and issued buy ratings for Zscaler, indicating strong confidence in its prospects.
• Zscaler reported a quarterly earnings per share of $0.89, exceeding expectations, and its revenue increased by 21.3% year-over-year, demonstrating solid growth performance.

Zscaler (NASDAQ:ZS - Get Free Report) had its target price lifted by research analysts at Susquehanna from $320.00 to $340.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's target price indicates a potential upside of 28.34% from the stock's current price.

ZS has been the topic of a number of other reports. Rosenblatt Securities boosted their target price on shares of Zscaler from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird lifted their price objective on shares of Zscaler from $330.00 to $345.00 and gave the stock an "outperform" rating in a research report on Wednesday. Bank of America lifted their price objective on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Wall Street Zen downgraded shares of Zscaler from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, BTIG Research reaffirmed a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Zscaler presently has a consensus rating of "Moderate Buy" and an average price target of $303.17.

Zscaler Trading Down 3.5%

ZS stock opened at $264.92 on Wednesday. Zscaler has a 52 week low of $153.45 and a 52 week high of $318.46. The company has a market capitalization of $41.25 billion, a price-to-earnings ratio of -1,020.73, a price-to-earnings-growth ratio of 259.58 and a beta of 1.05. The firm's 50-day moving average is $287.86 and its two-hundred day moving average is $249.96.

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

Insiders Place Their Bets

In other news, EVP Raj Judge sold 2,957 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the completion of the sale, the executive vice president directly owned 76,289 shares in the company, valued at approximately $23,168,969.30. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Geller sold 3,662 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the completion of the sale, the insider owned 46,813 shares of the company's stock, valued at $14,358,483.36. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,305 shares of company stock valued at $43,199,936 in the last three months. Company insiders own 18.10% of the company's stock.

Institutional Investors Weigh In On Zscaler

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parcion Private Wealth LLC increased its holdings in Zscaler by 3.3% in the 2nd quarter. Parcion Private Wealth LLC now owns 1,200 shares of the company's stock valued at $377,000 after buying an additional 38 shares during the period. Secure Asset Management LLC grew its holdings in shares of Zscaler by 1.8% in the 2nd quarter. Secure Asset Management LLC now owns 2,436 shares of the company's stock worth $765,000 after purchasing an additional 43 shares during the last quarter. Tlwm grew its holdings in shares of Zscaler by 1.0% in the 2nd quarter. Tlwm now owns 4,649 shares of the company's stock worth $1,460,000 after purchasing an additional 44 shares during the last quarter. Sepio Capital LP grew its holdings in shares of Zscaler by 0.6% in the 2nd quarter. Sepio Capital LP now owns 8,209 shares of the company's stock worth $2,577,000 after purchasing an additional 45 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Zscaler by 7.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company's stock worth $204,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

About Zscaler

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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