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ZSZSTechnology · Software - Infrastructure

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

Last close, 7 Oct 2026
$214
+0.61% on the day

The 46 Wall Street analysts covering Zscaler, Inc. hold a median 12-month price target of $215 — +0.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 48 of 100 as at 6 Oct 2026 — in the lower half.

Market cap
$34.6B
Ticker Nerd rank
48 / 100
Median analyst target
$215
Analysts covering
46
Revenue$898.2M+24.9% y/y
Operating income−$3.4M
Net income−$3.4M
Free cash flow$60.8M
Quarterly, 8 quarters to 31 July 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+7.1%
1M
+25.8%
YTD
−5.1%
1Y
−27.1%
From 52W high
−36.5%
From 52W low
+80.9%
$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 6 Oct 2026
48 / 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
97
Accruals
66
Quality
64
Volatility
63
Growth
43
Issuance
36
Value
34
Momentum
33
Size
7

Revisions (97): Analysts have, on balance, been raising their forecasts.

Momentum (33): The shares have been drifting down relative to others.

Size (7): 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$300$350Jan 26Apr 26Jul 26Oct 26ZSHigh $298Median $215Low $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
36 Buy10 Hold0 Sell
Low $155Median $215High $298

The green dot is the last close — the median target sits +0.7% from it.

Recent analyst actionsNewest first

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

DateFirmActionRatingTarget
29 Sept 2026BarclaysMaintainsOverweight$200 → $220
28 Sept 2026WedbushReiteratesOutperform$215
25 Sept 2026MizuhoMaintainsOutperform$210 → $220
25 Sept 2026RBC CapitalMaintainsOutperform$210 → $236
17 Sept 2026BernsteinMaintainsOutperform$224 → $298
17 Sept 2026BernsteinMaintainsOutperform—
11 Sept 2026WedbushAssumesOutperform$215
8 Sept 2026CitigroupMaintainsBuy$175 → $205
8 Sept 2026CitigroupMaintainsBuy—
4 Sept 2026BairdMaintainsOutperform$220 → $230
4 Sept 2026BairdMaintainsOutperform—
4 Sept 2026BarclaysMaintainsOverweight$192 → $200
4 Sept 2026BarclaysMaintainsOverweight—
4 Sept 2026BMO CapitalMaintainsOutperform—
4 Sept 2026BMO CapitalMaintainsOutperform$178 → $200
4 Sept 2026BTIGReiteratesNeutral—
4 Sept 2026BTIGReiteratesNeutral—
4 Sept 2026Canaccord GenuityMaintainsBuy$210
4 Sept 2026Canaccord GenuityMaintainsBuy—
4 Sept 2026Cantor FitzgeraldReiteratesOverweight—

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 7 Oct 2026, Zscaler, Inc. returned −27.1% against +17.7% for the S&P 500, dividends included.

ZS vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Jan 26Apr 26Jul 26Oct 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
39
Analysts cutting
0
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
−541.0×

Cheaper than 99% of US stocks

Price / sales
10.3×

Cheaper than 15% of US stocks

Price / book
13.3×

Cheaper than 8% of US stocks

EV / EBITDA
752.6×

Cheaper than 1% of US stocks

Growth & margins
Revenue growth (YoY)
24.9%

Higher than 74% of US stocks

Earnings growth (YoY)
24.9%

Higher than 62% of US stocks

Gross margin
76.7%

Higher than 88% 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
0.0%

Higher than 1% of US dividend payers

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 $34.6B and an enterprise value of $33.0B.

  • Revenue in the twelve months to 31 July 2026: $3.4B. The latest quarter grew 24.9% year on year.

  • Net income over the same four quarters: −$63.2M, a −1.9% net margin.

  • Diluted earnings per share, trailing twelve months: $−0.39.

  • Free cash flow in the twelve months to 31 July 2026: $779.1M, after $73.2M of capital spending.

  • Shares outstanding: 163.1M.

  • Trailing P/E: −541.0×; forward P/E: 37.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • Zscaler, Inc. employs 8,700 people — $385K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 31 July 2026 · market figures as at 7 Oct 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.$34.6B
48
OKTAOkta, Inc.$38.3B
85
MDBMongoDB, Inc.$29.0B
83
TWLOTwilio, Inc.$42.6B
80
CPAYCorpay, Inc.$26.9B
71
VRSNVeriSign, Inc.$26.9B
67
FFIVF5, Inc.$26.6B
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's $10 billion long-term ARR target looks ambitious, says Jefferies

Proactive Investors · 7 Oct 2026neutral

Zscaler reaffirmed its first-quarter and fiscal 2027 guidance at its investor day. Jefferies said the reaffirmation supports confidence in near-term growth, while describing the $10 billion fiscal 2031 ARR target as ambitious.

Why it matters — The update addresses near-term guidance and concerns about go-to-market leadership changes, while highlighting Jefferies' reservations about the long-term ARR target.

Wall Street sees 29% upside for Zscaler as eight firms raise price targets

24/7 Wall Street · 7 Oct 2026neutral

Eight firms raised their price targets for Zscaler, while one analyst set a target below the stock’s current trading level. The excerpt says the disagreement highlights a fault line ahead of the next earnings report.

Why it matters — The contrasting analyst views give ZS watchers differing expectations to weigh ahead of the company’s next earnings report.

Zscaler (ZS) CFO on Reaffirming FY27 Guidance, AI's Big Demand Tailwind

Schwab Network · 7 Oct 2026positive

Zscaler CFO Kevin Rubin discussed the company’s reaffirmation of first-quarter and full-year FY27 guidance during its investor day. He cited customer efforts to defend against cyberattacks from AI agents as AI becomes a major demand tailwind for Zscaler.

Why it matters — The comments connect Zscaler’s guidance reaffirmation with customer demand for cybersecurity amid the rise of AI agents.

Zscaler, Inc. (ZS) Analyst/Investor Day Transcript

Seeking Alpha · 6 Oct 2026neutral

Seeking Alpha published a transcript of Zscaler, Inc.’s Analyst/Investor Day.

Why it matters — The transcript provides ZS watchers with a record of the company’s Analyst/Investor Day discussion.

Zscaler: Once Forgotten Cybersecurity Winner, But Not For Long (Downgrade)

Seeking Alpha · 6 Oct 2026positive

Seeking Alpha says Zscaler remains a Buy, though the author’s conviction is lower than at earlier strong-buy levels. The article cites 25% year-over-year revenue growth, guidance for 17.5%–19% growth, and a target of $10 billion in ARR by FY31.

Why it matters — ZS watchers may note the combination of recent growth and long-term targets alongside the author’s reduced conviction.

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 $215, with estimates ranging from $155 to $298. 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., 36 rate it a Buy, 10 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Zscaler, Inc. 48 out of 100 across roughly 4,600 US stocks as at 6 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank ZS?

As at 6 Oct 2026, Zscaler, Inc. ranks 48 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 (97 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 +0.7% from the last close, and Ticker Nerd's factor model ranks Zscaler, Inc. 48 out of 100 as at 6 Oct 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 $298 over the next 12 months.

How has ZS stock performed over the past year?

Zscaler, Inc. returned -27.1% over the 12 months to 7 Oct 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 (Proactive Investors, 7 Oct 2026): "Zscaler's $10 billion long-term ARR target looks ambitious, says Jefferies". Zscaler reaffirmed its first-quarter and fiscal 2027 guidance at its investor day. Jefferies said the reaffirmation supports confidence in near-term growth, while describing the $10 billion fiscal 2031 ARR target as ambitious.

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 · 8,700 employees · United States · https://www.zscaler.com