Zscaler, Inc. (ZS)

Zscaler Stock Forecast

Stock Price Forecast

According to 33 professional analysts, the 12-month price target for Zscaler stock ranges from a low of $215 to a high of $390. The average analyst price target of $323.73 forecasts a 33.40% increase in the stock price over the next year.

Price Target: $323.73 (+33.40%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$215	$323.73	$340	$390
Change	-11.41%	+33.40%	+40.10%	+60.71%

Analyst Ratings

The average analyst rating for Zscaler stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	11	11	11	10	10	10
Buy	15	15	16	17	18	17
Hold	9	9	8	6	6	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	35	35	35	33	34	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Fatima Boolani Citigroup	Citigroup	Strong Buy Maintains $365 → $350	Strong Buy	Maintains	$365 → $350	+44.22%	Dec 1, 2025
Peter Weed Bernstein	Bernstein	Buy → Hold Downgrades $264	Buy → Hold	Downgrades	$264	+8.79%	Dec 1, 2025
Gregg Moskowitz Mizuho	Mizuho	Hold Maintains $325 → $310	Hold	Maintains	$325 → $310	+27.74%	Nov 26, 2025
Shrenik Kothari Baird	Baird	Buy Maintains $350 → $360	Buy	Maintains	$350 → $360	+48.34%	Nov 26, 2025
Brian Essex JP Morgan	JP Morgan	Buy Maintains $351 → $354	Buy	Maintains	$351 → $354	+45.87%	Nov 26, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.39B

Increased by 26.93%

from 2.67B

Revenue Next Year

4.05B

Increased by 19.33%

from 3.39B

EPS This Year

3.92

from -0.27

EPS Next Year

4.60

Increased by 17.52%

from 3.92

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jul 31, 2021	Jul 31, 2022	Jul 31, 2023	Jul 31, 2024	Jul 31, 2025	Jul 31, 2026	Jul 31, 2027
Revenue	673.10M	1.09B	1.62B	2.17B	2.67B	3.39B	4.05B
Revenue Growth	56.07%	62.08%	48.22%	34.07%	23.31%	26.93%	19.33%
EPS	-1.93	-2.77	-1.40	-0.39	-0.27	3.92	4.60
EPS Growth	-	-	-	-	-	-	17.52%
Forward PE	-	-	-	-	-	61.94	52.71
No. Analysts	-	-	-	-	-	51	49

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	3.5B	4.3B
Avg	3.4B	4.0B
Low	3.2B	3.2B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	31.9%	26.4%
Avg	26.9%	19.3%
Low	20.0%	-5.4%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	4.24	5.24
Avg	3.92	4.60
Low	3.60	3.76

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	-	33.7%
Avg	-	17.5%
Low	-	-4.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.