ZS Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q2

FY2026Q3

FY2026Q4

798.92M

+23.31%

0.897

+15.04%

831.89M

+22.69%

0.947

+12.68%

877.36M

+21.99%

1.012

+13.68%

Estimates Revision

The market is revising Upward the revenue expectations for Zscaler, Inc. (ZS) for FY2026, with the revenue forecasts being adjusted by 0.67% over the past three months. During the same period, the stock price has changed by -18.35%.

Revenue Estimates for FY2026

Revise Upward

+0.67%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+4.04%

In Past 3 Month

Stock Price

Go Down

-18.35%

In Past 3 Month

36 Analyst Rating

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 333.71 USD with a low forecast of 215.00 USD and a high forecast of 400.00 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.

30 Buy

6 Hold

0 Sell

Strong Buy

Current: 233.230

Low

215.00

Averages

333.71

High

400.00

Current: 233.230

Low

215.00

Averages

333.71

High

400.00

JPMorgan

Overweight

maintain

$351 -> $354

2025-11-26

Reason

JPMorgan

Price Target

$351 -> $354

2025-11-26

maintain

Overweight

Reason

JPMorgan raised the firm's price target on Zscaler to $354 from $351 and keeps an Overweight rating on the shares following the earnings report. Zscaler's emerging product annual recurring revenue "stood out as exceptional," offset somewhat by disappointing ARR disclosure, the analyst tells investors in a research note. The firm believes the company's traction with emerging products was "notably strong" as Zero Trust Everywhere, AI Security, and Data Security saw "healthy" sequential growth. JPMorgan cites Zscaler's better results and outlook for the target increase.

Mizuho

Neutral

maintain

$325 -> $310

2025-11-26

Reason

Mizuho

Price Target

$325 -> $310

2025-11-26

maintain

Neutral

Reason

Mizuho lowered the firm's price target on Zscaler to $310 from $325 and keeps a Neutral rating on the shares. The company reported "very solid" fiscal Q1 results but there were "two unwelcome surprises:" management guided to Q2 net new annual recurring revenue slightly lower than prior, and it declined to provide a specific contribution from the recent Red Canary acquisition, the analyst tells investors in a research note. Mizuho believes it remains premature to say Zscaler will be able to close "large, transformative deals at a strong and steady pace."

Baird

Outperform

maintain

$350 -> $360

2025-11-26

Reason

Baird

Price Target

$350 -> $360

2025-11-26

maintain

Outperform

Reason

Baird raised the firm's price target on Zscaler to $360 from $350 and keeps an Outperform rating on the shares. The firm updated its estimates following strong beat and raise Q1 results anchored in solid execution and Flex momentum.

Needham

Buy

downgrade

$350 -> $310

2025-11-26

Reason

Needham

Price Target

$350 -> $310

2025-11-26

downgrade

Buy

Reason

Needham lowered the firm's price target on Zscaler to $310 from $350 and keeps a Buy rating on the shares after its Q1 results and updated guidance. The primary focus of the quarter is what to make of Q1 annual recurring revenue - ARR - and while the company reported 26% y/y growth for $3.2B in ARR, exceeding consensus by $22M, the management raised FY26 guide by $21M at the midpoint and also did not quantify the Red Canary contribution despite the acquisition trending above prior expectations, the analyst tells investors in a research note. Concrete data will likely only come with Q2 results, while the stock has already outperformed peers on a year-to-date basis, the firm added.

Scotiabank

Outperform -> NULL

downgrade

$334 -> $320

2025-11-26

Reason

Scotiabank

Price Target

$334 -> $320

2025-11-26

downgrade

Outperform -> NULL

Reason

Scotiabank lowered the firm's price target on Zscaler to $320 from $334 and keeps an Outperform rating on the shares. The company reported a "very decent" organic ARR performance in Q1, but slightly underwhelming bottom line results, the analyst tells investors. In the medium-term, the firm believes the risk-reward profile skews positive on Zscaler as a growth compounder.

Goldman Sachs

Neutral

maintain

$283 -> $290

2025-11-26

Reason

Goldman Sachs

Price Target

$283 -> $290

2025-11-26

maintain

Neutral

Reason

Goldman Sachs raised the firm's price target on Zscaler to $290 from $283 and keeps a Neutral rating on the shares after its Q1 earnings beat and guidance raise. The management raised FY26 annual recurring revenue and total revenue by 1% at the midpoint, and maintained its EBIT margin outlook, the analyst tells investors in a research note. The stock's negative reaction is likely a function of investors trying to parse the Red Canary contribution vs. organic growth and against the backdrop of high expectations year-to-date, the firm added.

Valuation Metrics

The current forward P/E ratio for Zscaler Inc (ZS.O) is 60.66, compared to its 5-year average forward P/E of 178.25. 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.

5Y Average PE

178.25

Current PE

60.66

Overvalued PE

345.62

Undervalued PE

10.87

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.

5Y Average EV/EBITDA

109.38

Current EV/EBITDA

39.38

Overvalued EV/EBITDA

199.38

Undervalued EV/EBITDA

19.38

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.

5Y Average PS

18.38

Current PS

10.94

Overvalued PS

28.99

Undervalued PS

7.77

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

Net Margin - %

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

ZS News & Events

Events Timeline

No data

News

6.5

12-13SeekingAlpha

BTIG Names Zscaler and Netskope as Leading Choices in Security and Infrastructure Software Stocks for 2026

8.0

12-12NASDAQ.COM

Significant Friday Options Trading: BE, AMKR, ZS

6.5

12-11NASDAQ.COM

Which is the Superior Investment: Zscaler or Workday?

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Frequently Asked Questions

What is Zscaler Inc (ZS) stock price today?

The current price of ZS is 233.23 USD — it has decreased -1.29 % in the last trading day.

What is Zscaler Inc (ZS)'s business?

Zscaler, Inc. is a cloud security company. The Company has developed a platform incorporating core security functionalities needed to enable fast and secure access to cloud resources based on identity, context and an organization’s policies. Its Zscaler Zero Trust Exchange platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Its solution is a purpose-built, multi-tenant, distributed cloud platform that incorporates the security functionality needed to enable users, applications, and devices to safely and efficiently utilize authorized applications and services based on an organization’s business policies. It 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. It offers a security platform that combines its platform with automated security operations.

What is the price predicton of ZS Stock?

What is Zscaler Inc (ZS)'s revenue for the last quarter?

Zscaler Inc revenue for the last quarter amounts to 788.11M USD, increased 25.50 % YoY.

What is Zscaler Inc (ZS)'s earnings per share (EPS) for the last quarter?

Zscaler Inc. EPS for the last quarter amounts to -0.07 USD, decreased -12.50 % YoY.

What changes have occurred in the market's expectations for Zscaler Inc (ZS)'s fundamentals?

How many employees does Zscaler Inc (ZS). have?

Zscaler Inc (ZS) has 7923 emplpoyees as of December 15 2025.

What is Zscaler Inc (ZS) market cap?

Today ZS has the market capitalization of 37.68B USD.