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 -30.06%.

Revenue Estimates for FY2026

Revise Upward

+0.67%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+4%

In Past 3 Month

Stock Price

Go Down

-30.06%

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: 0.000

Low

215.00

Averages

333.71

High

400.00

Current: 0.000

Low

215.00

Averages

333.71

High

400.00

RBC Capital

Matthew Hedberg

Outperform

downgrade

$366 -> $290

2026-01-05

New

Reason

RBC Capital

Matthew Hedberg

Price Target

$366 -> $290

2026-01-05

New

downgrade

Outperform

Reason

RBC Capital analyst Matthew Hedberg lowered the firm's price target on Zscaler to $290 from $366 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.

Piper Sandler

Neutral

downgrade

$280 -> $260

2026-01-05

New

Reason

Piper Sandler

Price Target

$280 -> $260

2026-01-05

New

downgrade

Neutral

Reason

Piper Sandler lowered the firm's price target on Zscaler to $260 from $280 and keeps a Neutral rating on the shares. The firm says 2025 proved to be a tough year for its Security & Infrastructure Software coverage, with the average name showing negative performance and only four names outperforming the NASDAQ. Piper is cautiously optimistic for a better year in 2026, with many names entering the year at interesting valuation levels setup well to be longer-term GenAI winners, despite monetization at the software layer not yet occurring at scale.

Morgan Stanley

Overweight

downgrade

$335 -> $305

2025-12-18

Reason

Morgan Stanley

Price Target

$335 -> $305

2025-12-18

downgrade

Overweight

Reason

Morgan Stanley lowered the firm's price target on Zscaler to $305 from $335 and keeps an Overweight rating on the shares. Cybersecurity names were largely flat on the year, with platforms being up about 30%, on average, and the rest of the space being down about 12%, the analyst tells investors. The firm continues to see platforms as the "easiest way to play cyber" and expects them to continue to outperform, but believes other opportunities remain, the analyst tells investors in a year-ahead note for the group.

Mizuho

Neutral

Outperform

upgrade

$310

2025-12-16

Reason

Mizuho

Price Target

$310

2025-12-16

upgrade

Neutral

Outperform

Reason

Mizuho upgraded Zscaler to Outperform from Neutral with an unchanged price target of $310. The firm cites valuation for the upgrade, saying the shares are now "too attractive to ignore." Zscaler has sold off despite reporting a "very solid" fiscal Q1 report, the analyst tells investors in a research note. Mizuho is confident that Zscaler remains "very well-positioned" within zero trust. With the stock down 31% since the end of October, investors "are now being very well-compensated for the obfuscation," the analyst tells investors in a research note.

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."

Valuation Metrics

The current forward P/E ratio for Zscaler Inc (ZS.O) is 56.59, compared to its 5-year average forward P/E of 172.47. 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

172.47

Current PE

56.59

Overvalued PE

335.91

Undervalued PE

9.02

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

106.20

Current EV/EBITDA

36.65

Overvalued EV/EBITDA

194.14

Undervalued EV/EBITDA

18.26

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

18.01

Current PS

10.21

Overvalued PS

28.35

Undervalued PS

7.66

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

01-09Barron's

Nvidia and 13 Additional Tech Stocks to Consider Purchasing During the Dip

4.5

01-08Fool

Trump Proposes $1.5 Trillion Defense Budget, Northrop Grumman Shares Rise

4.5

01-08NASDAQ.COM

Trump Advocates $1.5 Trillion Defense Budget, Northrop Grumman Secures $94 Million Contract

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Frequently Asked Questions

What is Zscaler Inc (ZS) stock price today?

The current price of ZS is 216.73 USD — it has decreased -1.63 % 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 January 10 2026.

What is Zscaler Inc (ZS) market cap?

Today ZS has the market capitalization of 34.56B USD.