Zscaler, Inc. (ZS)

Zscaler Stock Forecast

Stock Price Forecast

According to 32 professional analysts, the 12-month price target for Zscaler stock ranges from a low of $170 to a high of $270. The average price target of $233.69 forecasts a -3.23% decrease in the stock price over the next year.

Price Target: $233.69 (-3.23%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$170	$233.69	$240	$270
Change	-29.60%	-3.23%	-0.61%	+11.81%

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	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	10	10	10	11	10	10
Buy	14	14	14	13	15	15
Hold	11	11	11	8	9	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	35	35	35	32	34	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Taz Koujalgi Roth Capital	Roth Capital	Hold Initiates $215	Hold	Initiates	$215	-10.97%	Apr 23, 2025
Hamza Fodderwala Morgan Stanley	Morgan Stanley	Hold Maintains $205 → $200	Hold	Maintains	$205 → $200	-17.18%	Apr 16, 2025
Catharine Trebnick Rosenblatt	Rosenblatt	Strong Buy Maintains $235	Strong Buy	Maintains	$235	-2.68%	Apr 15, 2025
Jonathan Ruykhaver Cantor Fitzgerald	Cantor Fitzgerald	Hold → Buy Upgrades $220 → $250	Hold → Buy	Upgrades	$220 → $250	+3.53%	Apr 3, 2025
Todd Weller Stephens & Co.	Stephens & Co.	Buy Initiates $255	Buy	Initiates	$255	+5.60%	Apr 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.73B

Increased by 25.89%

from 2.17B

Revenue Next Year

3.29B

Increased by 20.45%

from 2.73B

EPS This Year

3.17

from -0.39

EPS Next Year

3.72

Increased by 17.55%

from 3.17

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jul 31, 2020	Jul 31, 2021	Jul 31, 2022	Jul 31, 2023	Jul 31, 2024	Jul 31, 2025	Jul 31, 2026	Jul 31, 2027
Revenue	431.27M	673.10M	1.09B	1.62B	2.17B	2.73B	3.29B	3.95B
Revenue Growth	42.41%	56.07%	62.08%	48.22%	34.07%	25.89%	20.45%	20.26%
EPS	-0.89	-1.93	-2.77	-1.40	-0.39	3.17	3.72	4.47
EPS Growth	-	-	-	-	-	-	17.55%	20.06%
Forward PE	-	-	-	-	-	76.20	64.83	54.00
No. Analysts	-	-	-	-	-	48	48	31

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	2.8B	3.5B	4.3B
Avg	2.7B	3.3B	4.0B
Low	2.5B	3.0B	3.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	30.3%	29.6%	31.5%
Avg	25.9%	20.4%	20.3%
Low	16.8%	10.3%	8.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	3.36	4.73	5.89
Avg	3.17	3.72	4.47
Low	2.79	3.28	3.36

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	49.1%	58.1%
Avg	-	17.5%	20.1%
Low	-	3.6%	-9.8%

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.