Zscaler, Inc. (ZS)

Zscaler Stock Forecast

Stock Price Forecast

The 36 analysts that cover Zscaler stock have a consensus rating of "Buy" and an average price target of $264.81, which forecasts a 86.22% increase in the stock price over the next year. The lowest target is $155 and the highest is $385.

Price Target: $264.81 (+86.22%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$155	$264.81	$264	$385
Change	+9.00%	+86.22%	+85.65%	+170.75%

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 '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	11	11	13	13	11	11
Buy	18	18	18	19	18	19
Hold	6	6	6	7	9	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	35	35	37	39	38	38

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rustam Kanga Citizens	Citizens	Buy Maintains $290 → $210	Buy	Maintains	$290 → $210	+47.68%	May 1, 2026
Hamza Fodderwala Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $200 → $155	Buy → Hold	Downgrades	$200 → $155	+9.00%	Apr 22, 2026
Eric Heath Keybanc	Keybanc	Buy Maintains $220 → $160	Buy	Maintains	$220 → $160	+12.52%	Apr 15, 2026
Gray Powell BTIG	BTIG	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Apr 9, 2026
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $280 → $250	Buy	Maintains	$280 → $250	+75.81%	Mar 10, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.42B

Increased by 27.83%

from 2.67B

Revenue Next Year

4.09B

Increased by 19.67%

from 3.42B

EPS This Year

4.13

from -0.27

EPS Next Year

4.73

Increased by 14.51%

from 4.13

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	3.42B	4.09B
Revenue Growth	56.07%	62.08%	48.22%	34.07%	23.31%	27.83%	19.67%
EPS	-1.93	-2.77	-1.40	-0.39	-0.27	4.13	4.73
EPS Growth	-	-	-	-	-	-	14.51%
Forward PE	-	-	-	-	-	34.45	30.08
No. Analysts	-	-	-	-	-	52	51

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032	2033
High	3.5B	4.3B
Avg	3.4B	4.1B
Low	3.2B	3.8B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	32.1%	25.3%
Avg	27.8%	19.7%
Low	20.7%	11.5%

EPS Forecast

EPS	2026	2027	2028	2029	2030	2031	2032	2033
High	4.41	5.49
Avg	4.13	4.73
Low	3.73	3.73

EPS Growth

EPS Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	-	33.0%
Avg	-	14.5%
Low	-	-9.5%

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 sources.