Zscaler, Inc. (ZS)

Zscaler Stock Forecast

Stock Price Forecast

The 31 analysts with 12-month price forecasts for Zscaler stock have an average target of 234.29, with a low estimate of 170 and a high estimate of 270. The average target predicts an increase of 19.80% from the current stock price of 195.57.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$170	$234.29	$240	$270
Change	-13.07%	+19.80%	+22.72%	+38.06%

Analyst Ratings

The average analyst rating for Zscaler stock from 33 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	9	10	10	10	11	10
Buy	14	14	14	14	13	15
Hold	10	11	11	11	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	33	35	35	35	32	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Hamza Fodderwala Morgan Stanley	Morgan Stanley	Hold Maintains $205 → $200	Hold	Maintains	$205 → $200	+2.27%	Apr 16, 2025
Catharine Trebnick Rosenblatt	Rosenblatt	Strong Buy Maintains $235	Strong Buy	Maintains	$235	+20.16%	Apr 15, 2025
Jonathan Ruykhaver Cantor Fitzgerald	Cantor Fitzgerald	Hold → Buy Upgrades $220 → $250	Hold → Buy	Upgrades	$220 → $250	+27.83%	Apr 3, 2025
Todd Weller Stephens & Co.	Stephens & Co.	Buy Initiates $255	Buy	Initiates	$255	+30.39%	Apr 1, 2025
Joseph Gallo Jefferies	Jefferies	Strong Buy Maintains $245 → $240	Strong Buy	Maintains	$245 → $240	+22.72%	Mar 31, 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 20.48%

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	3.96B
Revenue Growth	42.41%	56.07%	62.08%	48.22%	34.07%	25.89%	20.48%	20.32%
EPS	-0.89	-1.93	-2.77	-1.40	-0.39	3.17	3.72	4.47
EPS Growth	-	-	-	-	-	-	17.55%	20.11%
Forward PE	-	-	-	-	-	61.72	52.51	43.72
No. Analysts	-	-	-	-	-	47	47	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%	31.4%
Avg	25.9%	20.5%	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%	58.2%
Avg	-	17.5%	20.1%
Low	-	3.6%	-9.7%

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.