Zscaler (ZS) Stock Forecast & Price Target

$297.97 -1.93 (-0.64%)

Closing price 06/10/2025 04:00 PM Eastern

Extended Trading

$298.74 +0.77 (+0.26%)

As of 06:11 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 37 Analyst Ratings

Sell
0

Hold
9

Buy
28

Based on 37 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 37 analysts, 9 have given a hold rating, 27 have given a buy rating, and 1 has given a strong buy rating for ZS.

Consensus Price Target

$286.79
-3.75% Downside

According to the 37 analysts' twelve-month price targets for Zscaler, the average price target is $286.79. The highest price target for ZS is $360.00, while the lowest price target for ZS is $207.00. The average price target represents a forecasted downside of -3.75% from the current price of $297.97.

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ZS Analyst Ratings Over Time

Type	Current Forecast 6/11/24 to 6/11/25	1 Month Ago 5/12/24 to 5/12/25	3 Months Ago 3/13/24 to 3/13/25	1 Year Ago 6/12/23 to 6/11/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	27 Buy rating(s)	25 Buy rating(s)	25 Buy rating(s)	26 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$286.79	$236.66	$233.06	$224.00
Forecasted Upside	-3.75% Downside	-2.00% Downside	22.94% Upside	19.37% Upside
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	2.78	2.66	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-3.75% Downside	96.02% Upside	12.64% 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
6/9/2025	Bank of America 4 of 5 stars	Tal Liani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$285.00 ➝ $340.00	+11.63%
6/6/2025	Scotiabank 5 of 5 stars	Patrick Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$310.00 ➝ $360.00	+18.29%
6/6/2025	Oppenheimer 3 of 5 stars	Ittai Kidron Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$290.00 ➝ $345.00	+13.03%
6/4/2025	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gregg Moskowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$275.00 ➝ $290.00	-4.10%
6/4/2025	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gray Powell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$298.00 ➝ $329.00	+11.51%
6/2/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kingsley Crane Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy ➝ Buy	$230.00 ➝ $305.00	+5.87%
5/30/2025	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Seyrafi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/30/2025	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Yun Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$250.00 ➝ $260.00	-5.30%
5/30/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Shyam Patil Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$245.00 ➝ $320.00	+16.55%
5/30/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Hamza Fodderwala Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$200.00 ➝ $280.00	+1.98%
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5/30/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Keith Bachman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$233.00 ➝ $295.00	+7.74%
5/30/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Shrenik Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$295.00 ➝ $315.00	+15.04%
5/30/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Levine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$245.00 ➝ $290.00	+5.97%
5/30/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Saket Kalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$275.00 ➝ $290.00	+7.03%
5/30/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ki Bin Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$260.00 ➝ $300.00	+10.72%
5/30/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Essex Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$275.00 ➝ $292.00	+7.97%
5/30/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adam Borg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$270.00 ➝ $295.00	+9.08%
5/30/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matthew Hedberg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$288.00 ➝ $304.00	+11.51%
5/30/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Roger Boyd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$260.00 ➝ $315.00	+16.24%
5/30/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Eric Heath Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$290.00 ➝ $310.00	+14.40%
5/30/2025	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Trevor Walsh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Outperform ➝ Market Outperform	$240.00 ➝ $310.00	+14.40%
5/30/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Daniel Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$240.00 ➝ $300.00	+10.50%
5/30/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Andrew Nowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$210.00 ➝ $260.00	-4.23%
5/30/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral
5/30/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Rob Owens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Neutral	$235.00 ➝ $260.00	+3.54%
5/30/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$235.00 ➝ $315.00	+25.44%
5/30/2025	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	Boost Target	Buy ➝ Buy	$240.00 ➝ $310.00	+23.45%
5/28/2025	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Koujalgi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral
5/27/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ruykhaver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$250.00 ➝ $275.00	+6.06%
5/27/2025	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$255.00	-0.90%
4/28/2025	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Degasperi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$260.00	+20.60%
3/31/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Gallo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$245.00 ➝ $240.00	+20.68%
3/6/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Neutral ➝ Neutral	$207.00	+5.07%
3/6/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$244.00	+23.66%
3/5/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Fatima Boolani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$235.00 ➝ $240.00	+25.22%
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%
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
3/19/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$245.00	+27.53%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:11 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 Monday, June 9, 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 $0.84 for the latest quarter, surpassing analysts' expectations, which indicates strong financial performance and potential for growth.
The company achieved a revenue of $678.03 million, exceeding forecasts, and demonstrating a year-over-year revenue increase of 22.6%, suggesting robust demand for its cloud security solutions.
The current stock price is around $299.90, reflecting a significant increase from its one-year low, which may indicate positive market sentiment and investor confidence.
Insider ownership stands at 18.10%, which can be a positive sign as it suggests that those with the most knowledge about the company have a vested interest in its success.
Recent institutional investments have increased, with several hedge funds significantly boosting their positions, indicating confidence from large investors in Zscaler, Inc.'s future prospects.

Zscaler
Bear Case

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

The company has a negative net margin of 1.58% and a negative return on equity of 0.75%, which may raise concerns about profitability and efficient use of shareholder equity.
Analysts forecast a negative EPS of -0.1 for the current fiscal year, suggesting potential challenges in maintaining profitability moving forward.
Insider selling activity has been notable, with significant shares sold recently, which could signal a lack of confidence among insiders regarding the company's short-term performance.
The stock has a high price-to-earnings (PE) ratio of -1,199.60, indicating that the stock may be overvalued relative to its earnings, which could deter value-focused investors.
Market volatility is reflected in the stock's beta of 1.09, suggesting that Zscaler, Inc.'s stock price may be more volatile than the overall market, which could pose risks for investors seeking stability.

ZS Forecast - Frequently Asked Questions

: According to the research reports of 37 Wall Street equities research analysts, the average twelve-month stock price forecast for Zscaler is $286.79, with a high forecast of $360.00 and a low forecast of $207.00.
: 37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last year. There are currently 9 hold ratings, 27 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ZS shares.
: According to analysts, Zscaler's stock has a predicted downside of -3.75% based on their 12-month stock forecasts.
: Over the previous 90 days, Zscaler's stock had 5 upgrades by analysts.
: Zscaler has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BNP Paribas, BTIG Research, Canaccord Genuity Group, Cantor Fitzgerald, Evercore ISI, FBN Securities, Guggenheim, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., KeyCorp, Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Roth Capital, Royal Bank of Canada, Scotiabank, Stephens, Stifel Nicolaus, Susquehanna, Truist Financial, 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 2.78 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how ZS compares to other companies.

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This page (NASDAQ:ZS) was last updated on 6/11/2025 by MarketBeat.com Staff

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Zscaler (ZS) Stock Forecast & Price Target