Zscaler (ZS) Stock Forecast & Price Target

Q: What analysts cover Zscaler?

Zscaler has been rated by research analysts at Barclays , BMO Capital Markets , BNP Paribas Exane , BTIG Research , Canaccord Genuity Group , Cantor Fitzgerald , Citigroup , Citizens Jmp , Deutsche Bank Aktiengesellschaft , Guggenheim , Jefferies Financial Group , JPMorgan Chase & Co. , KeyCorp , Mizuho , Morgan Stanley , Needham & Company LLC , Piper Sandler , Robert W. Baird , Rosenblatt Securities , Roth Capital , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , Stephens , Stifel Nicolaus , TD Cowen , Truist Financial , UBS Group , Wedbush , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$219.21 -1.58 (-0.72%)

As of 10:16 AM Eastern

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Zscaler - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 43 Analyst Ratings

Sell
1

Hold
7

Buy
35

Based on 43 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 43 analysts, 1 has given a sell rating, 7 have given a hold rating, and 35 have given a buy rating for ZS.

Consensus Price Target

$239.41
9.22% Upside

According to the 43 analysts' twelve-month price targets for Zscaler, the average price target is $239.41. The highest price target for ZS is $390.00, while the lowest price target for ZS is $150.00. The average price target represents a forecasted upside of 9.22% from the current price of $219.21.

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.

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ZS Analyst Ratings Over Time

Type	Current Forecast 10/15/25 to 10/15/26	1 Month Ago 9/15/25 to 9/15/26	3 Months Ago 7/17/25 to 7/17/26	1 Year Ago 10/15/24 to 10/15/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	35 Buy rating(s)	34 Buy rating(s)	34 Buy rating(s)	29 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$239.41	$216.53	$214.21	$307.43
Forecasted Upside	9.22% Upside	11.67% Upside	42.86% Upside	1.68% 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	Technology Companies	Broader Market
Consensus Rating Score	2.79	2.24	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	8.44% Upside	715.26% Upside	19.52% Upside
News Sentiment Rating	Positive News See Recent ZS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/9/2026	Citigroup 4 of 5 stars	Fatima Boolani 2 of 5 stars	Reiterated Rating	Market Outperform
10/9/2026	Citizens Jmp 4 of 5 stars	Rustam Kanga Not Rated	Boost Target	Market Outperform	$210.00 ➝ $265.00	+22.23%
10/7/2026	Scotiabank 4 of 5 stars	Patrick Colville 2 of 5 stars	Boost Target	Sector Outperform	$240.00 ➝ $255.00	+20.80%
10/7/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Gallo Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$220.00 ➝ $250.00	+18.16%
10/7/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Kingsley Crane Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$210.00 ➝ $250.00	+17.86%
10/7/2026	Stephens Subscribe to MarketBeat All Access to unlock brokerage rankings	Todd Weller Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$225.00 ➝ $265.00	+24.85%
10/7/2026	Rosenblatt Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Catherine Trebnick Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$250.00	+17.74%
10/7/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings	Adam Borg Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$200.00 ➝ $235.00	+10.72%
10/7/2026	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings	John DiFucci Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$214.00 ➝ $254.00	+19.67%
10/7/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Poland Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$215.00 ➝ $260.00	+22.50%
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.
10/7/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Shaul Eyal Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$200.00 ➝ $230.00	+8.36%
10/7/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Saket Kalia Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$220.00 ➝ $225.00	+6.01%
10/7/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Gregg Moskowitz Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$235.00	+10.72%
10/7/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Roger Boyd Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$225.00 ➝ $250.00	+17.07%
10/7/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrew DeGasperi Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$230.00 ➝ $250.00	+17.52%
10/7/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Junaid Siddiqui Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$200.00 ➝ $250.00	+17.50%
10/7/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Brian Essex Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$215.00 ➝ $245.00	+15.46%
10/7/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Matthew Hedberg Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$236.00	+10.86%
10/7/2026	Wedbush Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Wahrhaftig Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$215.00 ➝ $240.00	+13.07%
10/7/2026	BTIG Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Gray Powell Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral
10/7/2026	Needham & Company LLC Subscribe to MarketBeat All Access to unlock brokerage rankings	Mike Cikos Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$215.00 ➝ $255.00	+20.14%
10/7/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Hamza Fodderwala Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$165.00 ➝ $185.00	-12.84%
10/7/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access to unlock brokerage rankings	Jonathan Ruykhaver Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$225.00 ➝ $275.00	+29.56%
10/7/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Shrenik Kothari Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$230.00 ➝ $285.00	+34.28%
10/2/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
9/24/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Sell (E+) ➝ Sell (D-)
9/17/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Weed Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$224.00 ➝ $298.00	+55.55%
9/5/2026	Roth Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral	$170.00	+0.12%
9/4/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings	Brad Zelnick Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy
9/4/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	Rob Owens Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$160.00 ➝ $175.00	-1.57%
9/4/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Keith Bachman Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$178.00 ➝ $200.00	+12.49%
8/21/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Eric Heath Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$185.00 ➝ $210.00	+20.03%
6/11/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Outperform	$150.00	+20.26%
5/28/2026	Berenberg Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$200.00	+58.22%
5/27/2026	FBN Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Outperform	$175.00	+38.02%
5/27/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral	$179.00	-3.03%
5/27/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target	Outperform ➝ In-Line	$155.00	-16.03%
5/27/2026	B. Riley Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Erik Suppiger Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$225.00 ➝ $215.00	+60.31%
5/18/2026	HC Wainwright Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy
3/10/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings	Ittai Kidron Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$280.00 ➝ $250.00	+59.47%
The end may be near for these iconic stocks (Ad) Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge. Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks. Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. Watch Marc Chaikin's free presentation and get his full buy-and-sell list today
12/11/2025	Loop Capital Subscribe to MarketBeat All Access to unlock brokerage rankings	Almas Almaganbetov Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$320.00	+32.33%
11/26/2025	Capital One Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Connor Murphy Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Equal Weight ➝ Overweight	$320.00	+10.45%
11/26/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Tal Liani Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$355.00 ➝ $335.00	+15.62%
10/31/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access to unlock brokerage rankings	Steve Koenig Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Outperform	$390.00	+21.10%
9/3/2025	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Shyam Patil Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Positive	$320.00 ➝ $340.00	+30.08%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:03 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 Wednesday, October 7, 2026. 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. recently reaffirmed its fiscal 2027 financial guidance and outlined a long-term path toward $10 billion in annual recurring revenue by fiscal 2031, which signals management confidence in sustained growth despite recent leadership changes in the go-to-market team.
The stock is currently trading at $213.55, which is below the average analyst price target of $238.07, suggesting potential upside as multiple firms, including UBS Group and Needham, recently raised their targets to $250.00 and $255.00 respectively.
Zscaler, Inc. demonstrated strong financial performance in its most recent quarter, reporting revenue of $898.19 million, which exceeded the consensus estimate of $876.96 million and represented a 24.9% year-over-year increase.
The company is expanding its security offerings for artificial intelligence, including a partnership with IBM and Red Hat to protect private applications, which positions Zscaler, Inc. to capture demand from securing AI agents and workloads.
Zscaler, Inc. maintains a strong balance sheet with a current ratio of 1.70 and a quick ratio of 1.70, indicating sufficient liquidity to cover short-term obligations without relying on inventory liquidation.

Zscaler
Bear Case

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

Zscaler, Inc. is currently unprofitable on a GAAP basis, with a negative net margin of 1.88% and a GAAP EPS of -0.02 in the most recent quarter, meaning the company is spending more than it is earning from operations.
The stock has a high P/E ratio of 10612.50, which indicates that investors are paying a significant premium for each dollar of earnings, potentially leaving little room for error if growth slows or costs rise.
Jefferies has described the company's $10 billion annual recurring revenue target for fiscal 2031 as ambitious, suggesting that achieving this goal will require sustained and flawless execution over the next several years.
A Pomerantz law firm investigation has been announced regarding claims on behalf of Zscaler, Inc. investors, which introduces a potential legal overhang and could lead to additional costs or distractions for the company.
Insiders have been selling shares, with the CEO and CFO selling a combined total of thousands of shares in September 2026, which may signal a lack of confidence in the stock's near-term appreciation or simply a desire to diversify personal holdings.

ZS Forecast - Frequently Asked Questions

According to the research reports of 43 Wall Street equities research analysts, the average twelve-month stock price forecast for Zscaler is $239.41, with a high forecast of $390.00 and a low forecast of $150.00.

43 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last year. There is currently 1 sell rating, 7 hold ratings and 35 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ZS shares.

According to analysts, Zscaler's stock has a predicted upside of 9.22% based on their 12-month stock forecasts.

Over the previous 90 days, Zscaler's stock had 3 upgrades and 2 downgrades by analysts.

Zscaler has been rated by research analysts at Barclays, BMO Capital Markets, BNP Paribas Exane, BTIG Research, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Citizens Jmp, Deutsche Bank Aktiengesellschaft, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Roth Capital, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, Stephens, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Wedbush, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Zscaler more than other "technology" companies. The consensus rating for Zscaler is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how ZS compares to other companies.

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MarketBeat monitors more than a dozen sources for Zscaler analyst ratings, with the most recent rating issued on 10/9/2026.

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Zscaler (ZS) Stock Forecast & Price Target