ZS

Zscaler Inc

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288.720

+2.43(0.849%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

289.670

Open

286.635

VWAP

287.24

Vol

1.82M

Mkt Cap

44.95B

Low

284.610

Amount

522.59M

EV/EBITDA(TTM)

Total Shares

151.15M

43.10B

EV/OCF(TTM)

46.57

P/S(TTM)

17.36

Zscaler, Inc. is a cloud security company, which has developed a platform incorporating core security functionalities needed to enable access to cloud resources based on identity, context and organization’s policies. The Company’s solution is a purpose-built, multi-tenant, distributed cloud platform that incorporates the security functionality needed to enable users, applications and devices to utilize authorized applications and services based on an organization’s business policies. The Company delivers its solutions using a software-as-a-service (SaaS) business model and sells subscriptions to customers to access its cloud platform, together with related support services. The Company’s cloud-native platform, the Zscaler Zero Trust Exchange, enables customers to secure and connect users, workloads and Internet of things (IoT)/ operational technology (OT) devices across three core products, Zscaler for Users, Zscaler for Workloads and Zscaler for IoT/OT.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q2

FY2026Q1

FY2025Q4

778.30M

+20.13%

0.878

+12.51%

750.93M

+19.58%

0.841

+9.25%

707.15M

+19.28%

0.802

-8.89%

Estimates Revision

The market is revising Upward the revenue expectations for Zscaler, Inc. (ZS) for FY2025, with the revenue forecasts being adjusted by 0.14% over the past three months. During the same period, the stock price has changed by 49.06%.

Revenue Estimates for FY2025

Revise Upward

+0.14%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.21%

In Past 3 Month

Stock Price

Go Up

+49.06%

In Past 3 Month

38 Analyst Rating

8.25% Upside

Wall Street analysts forecast ZS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZS is 312.54 USD with a low forecast of 215.00 USD and a high forecast of 385.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

31 Buy

7 Hold

0 Sell

Strong Buy

8.25% Upside

Current: 288.720

Low

215.00

Averages

312.54

High

385.00

8.25% Upside

Current: 288.720

Low

215.00

Averages

312.54

High

385.00

BTIG

Buy

maintain

$329 -> $365

2025-07-10

Reason

BTIG

Price Target

$329 -> $365

2025-07-10

maintain

Buy

Reason

BTIG raised the firm's price target on Zscaler to $365 from $329 and keeps a Buy rating on the shares as part of a broader research note following the firm's network security checks. Findings regarding Zscaler have been consistently strong, and the firm feels "very confident" in July quarter trends, the analyst tells investors in a research note.

Citizens JMP

Outperform

maintain

$310 -> $355

2025-07-01

Reason

Citizens JMP

Price Target

$310 -> $355

2025-07-01

maintain

Outperform

Reason

Citizens JMP raised the firm's price target on Zscaler to $355 from $310 and keeps an Outperform rating on the shares. The firm came away from investor meetings incrementally positive on Zscaler and believes the company will forge ahead on its path of demonstrated execution, while operating at a high level of growth, scale, and profitability, the analyst tells investors in a research note.

UBS

Buy

maintain

$315 -> $365

2025-06-27

Reason

UBS

Price Target

$315 -> $365

2025-06-27

maintain

Buy

Reason

UBS raised the firm's price target on Zscaler to $365 from $315 and keeps a Buy rating on the shares. UBS is gaining confidence in the platform, the analyst tells investors in a research note.

JPMorgan

NULL

Overweight

maintain

$292 -> $348

2025-06-17

Reason

JPMorgan

Price Target

$292 -> $348

2025-06-17

maintain

NULL

Overweight

Reason

Wells Fargo

Equal Weight -> Overweight

upgrade

$260 -> $385

2025-06-13

Reason

Wells Fargo

Price Target

$260 -> $385

2025-06-13

upgrade

Equal Weight -> Overweight

Reason

Cantor Fitzgerald

Jonathan Ruykhaver

Overweight

maintain

$290 -> $340

2025-06-11

Reason

Cantor Fitzgerald

Jonathan Ruykhaver

Price Target

$290 -> $340

2025-06-11

maintain

Overweight

Reason

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the firm's price target on Zscaler to $340 from $290 and keeps an Overweight rating on the shares after Zscaler hosted its annual customer and partner cloud conference from June 2-5. The firm's conversations with customers and partners were positive on the company's growing platform positioning and focused execution, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Zscaler Inc (ZS.O) is 83.52, compared to its 5-year average forward P/E of 200.87. For a more detailed relative valuation and DCF analysis to assess Zscaler Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

200.87

Current PE

83.52

Overvalued PE

373.73

Undervalued PE

28.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

121.47

Current EV/EBITDA

54.28

Overvalued EV/EBITDA

212.96

Undervalued EV/EBITDA

29.98

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

19.64

Current PS

14.73

Overvalued PS

30.54

Undervalued PS

8.73