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ZSZSTechnology · Software - Infrastructure

ZS Stock Forecast: Zscaler, Inc. Price Predictions for 2026-2027

Last close, 4 Sept 2026
$170
−4.50% on the day

The 46 Wall Street analysts covering Zscaler, Inc. hold a median 12-month price target of $210 — +23.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 47 of 100 as at 5 Sept 2026 — in the lower half.

Market cap
$27.5B
Ticker Nerd rank
47 / 100
Median analyst target
$210
Analysts covering
46
Revenue$850.5M+25.4% y/y
Operating income−$29.6M
Net income−$13.9M
Free cash flow$136.0M
Quarterly, 8 quarters to 30 Apr 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−7.8%
1M
+4.0%
YTD
−24.5%
1Y
−36.7%
From 52W high
−49.5%
From 52W low
+43.8%
$118
$336
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

ZS stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Zscaler, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 5 Sept 2026
47 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
96
Volatility
68
Quality
66
Accruals
66
Growth
43
Value
39
Issuance
36
Momentum
22
Size
8

Revisions (96): Analysts have, on balance, been raising their forecasts.

Momentum (22): The shares have been drifting down relative to others.

Size (8): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

ZS stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on ZS, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$100$150$200$250$300Oct 25Jan 26Apr 26Jul 26ZSHigh $250Median $210Low $155

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says46 analysts
37 Buy9 Hold0 Sell
Low $155Median $210High $250

The green dot is the last close — the median target sits +23.7% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 8 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
26 Aug 2026JP MorganMaintainsOverweight$205 → $215
25 Aug 2026BarclaysMaintainsOverweight$170 → $192
24 Aug 2026GuggenheimReiteratesBuy$214
21 Aug 2026KeybancMaintainsOverweight$185 → $210
19 Aug 2026Cantor FitzgeraldReiteratesOverweight$225
19 Aug 2026MizuhoMaintainsOutperform$185 → $210
19 Aug 2026StifelMaintainsBuy$175 → $200
17 Aug 2026TD CowenMaintainsBuy$180 → $200
17 Aug 2026TD CowenMaintainsBuy—
17 Aug 2026Wells FargoMaintainsOverweight$180 → $210
17 Aug 2026Wells FargoMaintainsOverweight—
16 July 2026KeybancMaintainsOverweight$176 → $185
16 July 2026KeybancMaintainsOverweight—
25 June 2026KeybancMaintainsOverweight—
12 June 2026Stephens & Co.ReiteratesOverweight—
11 June 2026Canaccord GenuityMaintainsBuy—
10 June 2026Cantor FitzgeraldReiteratesOverweight—
10 June 2026GuggenheimReiteratesBuy—
10 June 2026MacquarieMaintainsOutperform—
10 June 2026NeedhamReiteratesBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. ZS appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

ZS vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Sept 2026, Zscaler, Inc. returned −36.7% against +20.0% for the S&P 500, dividends included.

ZS vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Oct 25Jan 26Apr 26Jul 26ZSS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

ZS analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+6.8%
Analysts raising
2
Analysts cutting
1
Fundamentals

Zscaler, Inc. (ZS) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−627.6×

Cheaper than 99% of US stocks

Price / sales
8.3×

Cheaper than 16% of US stocks

Price / book
10.6×

Cheaper than 9% of US stocks

EV / EBITDA
349.1×

Cheaper than 1% of US stocks

Growth & margins
Revenue growth (YoY)
24.9%

Higher than 74% of US stocks

Earnings growth (YoY)
25.4%

Higher than 63% of US stocks

Gross margin
77.3%

Higher than 89% of US stocks

Operating margin
−1.0%

Higher than 31% of US stocks

Net margin
−1.9%

Higher than 28% of US stocks

Returns & dividend
Return on equity
−2.9%

Higher than 41% of US stocks

Return on assets
−1.0%

Higher than 39% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Zscaler, Inc. (ZS) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Zscaler, Inc. has a market value of $27.5B and an enterprise value of $25.9B.

  • Revenue in the twelve months to 30 Apr 2026: $3.2B. The latest quarter grew 24.9% year on year.

  • Net income over the same four quarters: −$77.4M, a −2.4% net margin.

  • Diluted earnings per share, trailing twelve months: $−0.48.

  • Free cash flow in the twelve months to 30 Apr 2026: $890.3M, after $73.2M of capital spending.

  • Shares outstanding: 161.7M.

  • Trailing P/E: −627.6×; forward P/E: 30.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Zscaler, Inc. employs 7,923 people — $401K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 Apr 2026 · market figures as at 8 Sept 2026

Data provided by Twelve Data

Peers

ZS vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSoftware - Infrastructure
CompanyMarket capTKN rank
ZSZscaler, Inc.$27.5B
47
CPAYCorpay, Inc.$27.5B
69
VRSNVeriSign, Inc.$26.8B
69
MDBMongoDB, Inc.$29.6B
84
OKTAOkta, Inc.$29.9B
85
IOTSamsara, Inc.$23.5B
64
FFIVF5, Inc.$22.1B
91

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Zscaler, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest ZS news & analysis

Zscaler: Cheap Compared To Closest Peers For No Good Reason

Seeking Alpha · 6 Sept 2026negative

Zscaler's stock has declined 39% since previous coverage, underperforming the benchmark's 19% gain. The author sees no structural deterioration in the company's business fundamentals and considers the stock fairly valued at approximately 35x forward P/E.

Why it matters — A ZS watcher would be interested in the assessment that the recent stock price decline reflects valuation rather than any fundamental business weakness, and that the shares are now viewed as fairly valued.

Zscaler's Strong Quarter Still Left Investors Waiting on 1 Key Signal

MarketBeat · 5 Sept 2026neutral

Zscaler's fiscal fourth-quarter 2026 earnings report delivered outperformance, acceleration, wider margins, and strong guidance, but did not offer firm reassurance that the sales leadership transition was proceeding smoothly.

Why it matters — Zscaler watchers would care because despite a strong quarter, lingering uncertainty about the sales leadership transition could weigh on investor confidence.

Zscaler: Cheaper Than Other Cybersecurity Names For A Reason

Seeking Alpha · 5 Sept 2026negative

Zscaler faces execution challenges despite strong cybersecurity industry tailwinds, with FY2027 guidance signaling decelerating revenue and ARR growth. While Q4 delivered solid margins and accelerated net new ARR, overall top-line growth remains uninspiring, and strategic partnerships with AWS and CrowdStrike offer potential long-term catalysts even as immediate business momentum lags sector leaders.

Why it matters — ZS watchers would care because the article flags decelerating guidance and weaker near-term momentum relative to cybersecurity peers, despite potential long-term catalysts from AWS and CrowdStrike partnerships.

Zscaler Beat, Raised, and Jumped Double Digits While AI Agents Attack Its Customers

24/7 Wall Street · 4 Sept 2026positive

Zscaler posted its tenth consecutive earnings beat and saw its shares surge by double digits. However, the report raises a question about whether the AI security boom reflects new enterprise budget dollars or simply rebranded spending that had already been committed.

Why it matters — A ZS watcher would care because the report questions whether the strength in AI security is driven by genuinely new enterprise spending or just reallocated, already-locked-in budgets.

OpenAI Astra Cybersecurity Reveal: Skip Legacy Cybersecurity, Buy Zscaler

Seeking Alpha · 4 Sept 2026positive

A Seeking Alpha article rates Zscaler a buy, citing its leading zero-trust cybersecurity solutions as well-positioned to counter rising AI-driven threats, despite recent stock underperformance and slowing growth.

Why it matters — A ZS watcher would care because the article argues that escalating AI risks could drive a surge in cybersecurity spending that benefits Zscaler, with expectations that results may exceed conservative forward guidance.

FAQ

Frequently asked questions about ZS stock

What is the ZS stock price forecast for 2026-2027?

The 46 Wall Street analysts covering Zscaler, Inc. have a median 12-month price target of $210, with estimates ranging from $155 to $250. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is ZS stock a buy right now?

Of the 46 analysts covering Zscaler, Inc., 37 rate it a Buy, 9 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Zscaler, Inc. 47 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank ZS?

As at 5 Sept 2026, Zscaler, Inc. ranks 47 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (96 of 100).

Will ZS stock go up?

No one can know that. What the data says: the median 12-month target from 46 analysts implies +23.7% from the last close, and Ticker Nerd's factor model ranks Zscaler, Inc. 47 out of 100 as at 5 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the ZS stock forecast for 2030?

No analyst covering Zscaler, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for ZS are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $155 to $250 over the next 12 months.

How has ZS stock performed over the past year?

Zscaler, Inc. returned -36.7% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Zscaler, Inc. do?

Zscaler Inc. is a cloud security company that provides software-based services designed to secure users, devices, applications, and data in modern digital environments.

What is the latest news on ZS?

The most recent item we track (Seeking Alpha, 6 Sept 2026): "Zscaler: Cheap Compared To Closest Peers For No Good Reason". Zscaler's stock has declined 39% since previous coverage, underperforming the benchmark's 19% gain. The author sees no structural deterioration in the company's business fundamentals and considers the stock fairly valued at approximately 35x forward P/E.

Company

About Zscaler, Inc.

Zscaler Inc. is a cloud security company that provides software-based services designed to secure users, devices, applications, and data in modern digital environments. Its cloud-native Zero Trust Exchange platform supports secure internet access, private application access, data protection, and digital experience monitoring, helping organizations replace traditional network security appliances with cloud-delivered controls. Zscaler serves enterprises across industries such as financial services, healthcare, public sector, retail, manufacturing, and technology, where secure remote access and protection against cyber threats are critical. The company’s offerings are delivered as subscription services and are used to support secure connectivity, policy enforcement, and visibility across distributed workforces and cloud applications. Zscaler Inc. is headquartered in San Jose, California.

CEO Mr. Jagtar Singh Chaudhry · 7,923 employees · United States · https://www.zscaler.com