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ZS
Volume: 19.33K

Zscaler (ZS) Stock Forecast & Price Target

Zscaler (ZS) Analyst Ratings

Based on 35 analyst ratings
Buy
Strong Buy 40%
Buy 49%
Hold 11%
Sell 0%
Strong Sell 0%

Bulls say

Zscaler is attractive because its cloud-native zero trust platform is taking share from legacy on-premises security spend while expanding into a far larger addressable market, with the company estimating a TAM of $72B+ and citing $20B of legacy spend available to disrupt. The business has also shown strong execution, with ARR growing 25% year over year to $3.771B, net-new ARR up 24% to $246M, and 115% NRR held in all four quarters, suggesting resilient retention and improving sales productivity. Further upside comes from newer consumption-based offerings like Security for AI, Z-Flex, and Agentic SecOps, which reduce dependence on seat counts and create additional growth levers as enterprise demand broadens.

Bears say

Zscaler is facing a cautious fundamental outlook because its growth is expected to slow materially, with FY27 revenue guided to a 17% midpoint versus about 25% in FY26, suggesting decelerating demand after a strong Q4. The company still posted solid FY26 results, including $898.2M of revenue, 80.2% gross margin, and a record 24.3% non-GAAP operating margin, but free cash flow margin fell to 7% in Q4 and for the year, raising questions about durability. Its downside risk also reflects competitive pressure from larger legacy rivals and new entrants, dependence on new customer wins and retention, and macro conditions that could weaken tech spending and justify a lower valuation multiple.

Zscaler (ZS) has been analyzed by 35 analysts, with a consensus rating of Buy. 40% of analysts recommend a Strong Buy, 49% recommend Buy, 11% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Zscaler and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Zscaler (ZS) Forecast

Analysts have given Zscaler (ZS) a Buy based on their latest research and market trends.

According to 35 analysts, Zscaler (ZS) has a Buy consensus rating as of Oct 9, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $241.97, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $241.97, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Zscaler (ZS)

Volume: 19.33K

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