Zscaler (ZS) Stock Forecast & Price Target

$147.12 +3.57 (+2.49%)

Closing price 04:00 PM Eastern

Extended Trading

$146.50 -0.62 (-0.42%)

As of 07:59 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 41 Analyst Ratings

Sell
1

Hold
6

Buy
34

Based on 41 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 41 analysts, 1 has given a sell rating, 6 have given a hold rating, and 34 have given a buy rating for ZS.

Consensus Price Target

$213.97
45.44% Upside

According to the 41 analysts' twelve-month price targets for Zscaler, the average price target is $213.97. The highest price target for ZS is $390.00, while the lowest price target for ZS is $145.00. The average price target represents a forecasted upside of 45.44% from the current price of $147.12.

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 7/9/25 to 7/9/26	1 Month Ago 6/9/25 to 6/9/26	3 Months Ago 4/10/25 to 4/10/26	1 Year Ago 7/9/24 to 7/9/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	34 Buy rating(s)	33 Buy rating(s)	31 Buy rating(s)	28 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$213.97	$216.03	$267.86	$296.82
Forecasted Upside	45.44% Upside	71.67% Upside	126.91% Upside	-6.22% Downside
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	Broader Market
Consensus Rating Score	2.80	2.28	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	45.44% Upside	183.77% Upside	14.41% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
6/25/2026	KeyCorp 2 of 5 stars	Eric Heath 2 of 5 stars	Lower Target	Overweight	$190.00 ➝ $176.00	+38.29%
6/12/2026	Stephens 2 of 5 stars	Todd Weller Not Rated	Reiterated Rating	Overweight	$200.00	+58.59%
6/11/2026	Wolfe Research 4 of 5 stars		Reiterated Rating	Outperform	$150.00	+20.26%
6/11/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kingsley Crane Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$210.00	+68.52%
6/10/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Ruykhaver Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$225.00	+78.80%
6/10/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dan Ives Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$220.00	+72.00%
6/10/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Hedberg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$200.00	+56.37%
6/10/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John DiFucci Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$214.00	+67.26%
6/10/2026	Rosenblatt Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$200.00	+58.93%
6/10/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mike Cikos Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$180.00	+43.04%
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.
6/9/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell (E+)
5/28/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Poland Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$210.00 ➝ $180.00	+42.39%
5/28/2026	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$200.00	+58.22%
5/27/2026	FBN Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$175.00	+38.02%
5/27/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Roger Boyd Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$260.00 ➝ $225.00	+77.45%
5/27/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rob Owens Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$185.00 ➝ $160.00	+22.91%
5/27/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral	$179.00	-3.03%
5/27/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Saket Kalia Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$180.00 ➝ $170.00	-7.91%
5/27/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Junaid Siddiqui Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$210.00	+65.83%
5/27/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Outperform
5/27/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Adam Borg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$180.00 ➝ $175.00	-5.20%
5/27/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Outperform ➝ In-Line	$155.00	-16.03%
5/27/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
5/27/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregg Moskowitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$210.00 ➝ $185.00	+0.22%
5/27/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Meta Marshall Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$155.00 ➝ $145.00	-21.45%
5/27/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
5/27/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Essex Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$250.00 ➝ $205.00	+60.43%
5/27/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$185.00 ➝ $175.00	+30.66%
5/27/2026	B. Riley Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Erik Suppiger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$225.00 ➝ $215.00	+60.31%
5/27/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Colville Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Outperform	$190.00 ➝ $175.00	-5.20%
5/27/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Keith Bachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$210.00 ➝ $178.00	-3.58%
5/27/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Weed Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$228.00 ➝ $224.00	+21.34%
5/27/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shrenik Kothari Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$265.00 ➝ $230.00	+24.59%
5/18/2026	HC Wainwright Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy
5/1/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rustam Kanga Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Market Outperform	$290.00 ➝ $210.00	+56.45%
4/9/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gray Powell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral
3/10/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ittai Kidron Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$280.00 ➝ $250.00	+59.47%
12/11/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Almas Almaganbetov Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$320.00	+32.33%
11/26/2025	Capital One Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Connor Murphy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Equal Weight ➝ Overweight	$320.00	+10.45%
11/26/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tal Liani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$355.00 ➝ $335.00	+15.62%
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10/31/2025	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Koenig Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform	$390.00	+21.10%
9/3/2025	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shyam Patil Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Positive	$320.00 ➝ $340.00	+30.08%
5/28/2025	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Imtiaz Koujalgi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral
4/28/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew DeGasperi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$260.00	+20.60%
3/31/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Gallo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$245.00 ➝ $240.00	+20.68%
7/23/2024	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Adam Tindle Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:14 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 Thursday, July 9, 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.:

The company reported a quarterly earnings per share (EPS) of $1.08, exceeding expectations, which indicates strong financial performance and potential for growth.
Revenue for the quarter reached approximately $850 million, reflecting a significant year-over-year increase of over 25%, showcasing robust demand for its cloud security solutions.
Analysts have a consensus target price of around $213.97, suggesting potential upside for investors based on current market evaluations.
Zscaler, Inc. has received multiple "buy" ratings from analysts, indicating positive sentiment and confidence in the company's future performance.
The firm has set ambitious guidance for future EPS, projecting between $1.080 and $1.090 for Q4 2026, which could signal continued growth and profitability.

Zscaler
Bear Case

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

The company has a negative return on equity of 0.37%, which may raise concerns about its efficiency in generating profits from shareholders' equity.
Zscaler, Inc. reported a negative net margin of 2.44%, indicating that the company is currently not profitable, which could deter risk-averse investors.
Despite positive growth, the stock has seen price target reductions from some analysts, which may reflect caution regarding its valuation in the current market.
Institutional ownership is at 46.45%, which, while substantial, may indicate that a significant portion of shares is held by larger entities, potentially limiting retail investor influence.
Recent market volatility could impact the stock's performance, making it a riskier investment in the short term.

ZS Forecast - Frequently Asked Questions

According to the research reports of 41 Wall Street equities research analysts, the average twelve-month stock price forecast for Zscaler is $213.97, with a high forecast of $390.00 and a low forecast of $145.00.

41 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 34 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 45.44% based on their 12-month stock forecasts.

Over the previous 90 days, Zscaler's stock had 5 upgrades and 5 downgrades by analysts.

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

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

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This page (NASDAQ:ZS) was last updated on 7/9/2026 by MarketBeat.com Staff.

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Zscaler (ZS) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

ZS Analyst Ratings Over Time

ZS Analyst Recommendations By Month

ZS Price Targets by Month

Zscaler Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Zscaler Stock? ZS Pros and Cons Explained

Zscaler
Bull Case

Zscaler
Bear Case

ZS Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Zscaler Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Zscaler (ZS) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

ZS Analyst Ratings Over Time

ZS Analyst Recommendations By Month

ZS Price Targets by Month

Zscaler Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Zscaler Stock? ZS Pros and Cons Explained

Zscaler Bull Case

Zscaler Bear Case

ZS Forecast - Frequently Asked Questions

What is Zscaler's forecast for 2026?

Should I buy or sell Zscaler stock right now?

Does Zscaler's stock price have much upside?

Has Zscaler been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Zscaler?

Do Wall Street analysts like Zscaler more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Zscaler Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Zscaler
Bull Case

Zscaler
Bear Case