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Zscaler (ZS): analyst forecast and price target

$207 −5.92% close 16.10.26 · market cap $36.0B · Technology · Software - Infrastructure
Price targets and ratings of

Analyst consensus

Strong Buy

29 Buy5 Hold0 Sell

Ratings of 34 analysts in the last 3 months

12-month forecast

$238+14.7% upside

Based on 34 price targets given in the last 3 months, the average target is $238, the highest $298, the lowest $170. The average is +14.7% from the last price of $207.

$200$300Jan 26AprJulOctJan 27AprJulOctHigh$298Average$238Low$170
Highest target $298 Average target $238 Lowest target $170
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Fatima Boolani★★★★★★★★★★#345 · hits 64% · avg +19.6% Citi $245 → $260+6.1% Buy +25.4% Reiterated 15.10.26on TipRanks 06:10 −0.4%next day −4.8%
Jonathan Ruykhaver★★★★★★★★★★#124 · hits 64% · avg +24.8% Cantor Fitzgerald $225 → $275+22.2% Buy +32.6% Reiterated 12.10.26on TipRanks 07:30 −3.3%next day +1.3%
Rustam Kanga★★★★★★★★★★#2197 · hits 55% · avg +46.9% Citizens JMP $210 → $265+26.2% Buy +27.8% Reiterated 09.10.26on TipRanks 06:55 +7.2%next day −3.3% · 5 days −9.3%
Joseph Gallo★★★★★★★★★★#603 · hits 69% · avg +18.2% Jefferies $220 → $250+13.6% Buy +20.6% Reiterated 07.10.26on TipRanks 09:25 +0.9%next day +1.9% · 5 days +4.4%
Roger Boyd★★★★★★★★★★#2761 · hits 58% · avg +8.0% UBS $225 → $250+11.1% Buy +20.6% Reiterated 07.10.26on TipRanks 09:10 +0.9%next day +1.9% · 5 days +4.4%
Junaid Siddiqui★★★★★★★★★★#379 · hits 74% · avg +31.2% Truist Financial $200 → $250+25.0% Buy +20.6% Reiterated 07.10.26on TipRanks 09:00 +0.9%next day +1.9% · 5 days +4.4%
Steven Wahrhaftig★★★★★★★★★★#11208 · hits 25% · avg −12.8% Wedbush $215 → $240+11.6% Buy +15.7% Reiterated 07.10.26on TipRanks 08:20 +0.9%next day +1.9% · 5 days +4.4%
Ittai Kidron★★★★★★★★★★#866 · hits 55% · avg +9.8% Oppenheimer $250 Buy +20.6% Reiterated 07.10.26on TipRanks 08:12 +0.9%next day +1.9% · 5 days +4.4%
Peter Levine★★★★★★★★★★#1212 · hits 60% · avg +15.1% Evercore ISI $155 → $195+25.8% Hold −6.0% Reiterated 07.10.26on TipRanks 08:00 +0.9%next day +1.9% · 5 days +4.4%
Mike Cikos★★★★★★★★★★#418 · hits 59% · avg +16.1% Needham $215 → $255+18.6% Buy +23.0% Reiterated 07.10.26on TipRanks 07:50 +0.9%next day +1.9% · 5 days +4.4%
Brian Essex★★★★★★★★★★#1150 · hits 55% · avg +10.1% J.P. Morgan $215 → $245+14.0% Buy +18.1% Reiterated 07.10.26on TipRanks 07:30 +0.9%next day +1.9% · 5 days +4.4%
Gregg Moskowitz★★★★★★★★★★#704 · hits 60% · avg +10.0% Mizuho Securities $220 → $235+6.8% Buy +13.3% Reiterated 07.10.26on TipRanks 07:26 +0.9%next day +1.9% · 5 days +4.4%
Todd Weller CFA★★★★★★★★★★#3888 · hits 54% · avg +11.4% Stephens $225 → $265+17.8% Buy +27.8% Reiterated 07.10.26on TipRanks 07:26 +0.9%next day +1.9% · 5 days +4.4%
Kingsley Crane★★★★★★★★★★#831 · hits 57% · avg +13.6% Canaccord Genuity $210 → $250+19.0% Buy +20.6% Reiterated 07.10.26on TipRanks 07:11 +0.9%next day +1.9% · 5 days +4.4%
Adam Borg★★★★★★★★★★#582 · hits 66% · avg +15.2% Stifel Nicolaus $200 → $235+17.5% Buy +13.3% Reiterated 07.10.26on TipRanks 06:55 +0.9%next day +1.9% · 5 days +4.4%
John Difucci★★★★★★★★★★#278 · hits 63% · avg +17.6% Guggenheim $214 → $254+18.7% Buy +22.5% Reiterated 07.10.26on TipRanks 06:50 +0.9%next day +1.9% · 5 days +4.4%
Shaul Eyal★★★★★★★★★★#238 · hits 62% · avg +18.3% TD Cowen $200 → $230+15.0% Buy +10.9% Reiterated 07.10.26on TipRanks 06:30 +0.9%next day +1.9% · 5 days +4.4%
Tal Liani★★★★★★★★★★#798 · hits 58% · avg +10.2% Bank of America Securities $210 → $240+14.3% Buy +15.7% Reiterated 07.10.26on TipRanks 05:45 +0.9%next day +1.9% · 5 days +4.4%
Fatima Boolani★★★★★★★★★★#345 · hits 64% · avg +19.6% Citi $205 → $245+19.5% Buy +18.1% Reiterated 07.10.26on TipRanks 05:30 +0.9%next day +1.9% · 5 days +4.4%
Saket Kalia★★★★★★★★★★#966 · hits 56% · avg +9.0% Barclays $220 → $225+2.3% Buy +8.5% Reiterated 07.10.26on TipRanks 03:55 +0.9%next day +1.9% · 5 days +4.4%
Daniel Ives★★★★★★★★★★#345 · hits 58% · avg +18.2% Wedbush $250 Buy +20.6% Initiated 06.10.26on TipRanks Oct 7 08:45 +4.6%next day +0.9% · 5 days +7.9%
Jonathan Ruykhaver★★★★★★★★★★#124 · hits 64% · avg +24.8% Cantor Fitzgerald $225 → $275+22.2% Buy +32.6% Reiterated 06.10.26on TipRanks Oct 7 07:30 +4.6%next day +0.9% · 5 days +7.9%
Matthew Hedberg★★★★★★★★★★#1234 · hits 54% · avg +7.8% RBC Capital $236 Buy +13.8% Reiterated 06.10.26on TipRanks Oct 7 07:11 +4.6%next day +0.9% · 5 days +7.9%
Richard Poland★★★★★★★★★★#7479 · hits 60% · avg +1.3% Wells Fargo $215 → $260+20.9% Buy +25.4% Assigned 06.10.26on TipRanks Oct 7 06:11 +4.6%next day +0.9% · 5 days +7.9%
Gray Powell★★★★★★★★★★#648 · hits 58% · avg +12.0% BTIG — Hold — Reiterated 06.10.26on TipRanks Oct 7 05:25 +4.6%next day +0.9% · 5 days +7.9%
Shrenik Kothari★★★★★★★★★★#198 · hits 68% · avg +22.3% Robert W. Baird $230 → $285+23.9% Buy +37.4% Assigned 06.10.26on TipRanks 23:25 +0.9%next day +1.9% · 5 days +4.4%
Patrick Colville★★★★★★★★★★#1680 · hits 55% · avg +8.6% Scotiabank $240 → $255+6.2% Buy +23.0% Reiterated 05.10.26on TipRanks 10:11 +2.0%next day +4.6% · 5 days +11.5%
Meta Marshall★★★★★★★★★★#1825 · hits 56% · avg +6.2% Morgan Stanley $185 Hold −10.8% Assigned 05.10.26on TipRanks 06:35 +2.0%next day +4.6% · 5 days +11.5%
Shrenik Kothari★★★★★★★★★★#198 · hits 68% · avg +22.3% Robert W. Baird $230 Buy +10.9% Reiterated 01.10.26on TipRanks 19:15 −1.8%next day +2.0% · 5 days +17.7%
Saket Kalia★★★★★★★★★★#966 · hits 56% · avg +9.0% Barclays $200 → $220+10.0% Buy +6.1% Reiterated 29.09.26on TipRanks 05:00 −0.3%next day +0.7% · 5 days +5.1%
Steven Wahrhaftig★★★★★★★★★★#11208 · hits 25% · avg −12.8% Wedbush $215 Buy +3.7% Reiterated 28.09.26on TipRanks 08:50 +4.0%next day −0.3% · 5 days 0.0%
Joseph Gallo★★★★★★★★★★#603 · hits 69% · avg +18.2% Jefferies $220 Buy +6.1% Reiterated 25.09.26on TipRanks 09:55 −10.6%next day +4.0% · 5 days +2.1%
Peter Levine★★★★★★★★★★#1212 · hits 60% · avg +15.1% Evercore ISI $155 Hold −25.3% Reiterated 25.09.26on TipRanks 09:36 −10.6%next day +4.0% · 5 days +2.1%
Ittai Kidron★★★★★★★★★★#866 · hits 55% · avg +9.8% Oppenheimer $250 Buy +20.6% Reiterated 25.09.26on TipRanks 08:11 −10.6%next day +4.0% · 5 days +2.1%
Gregg Moskowitz★★★★★★★★★★#704 · hits 60% · avg +10.0% Mizuho Securities $210 → $220+4.8% Buy +6.1% Reiterated 25.09.26on TipRanks 07:40 −10.6%next day +4.0% · 5 days +2.1%
Rob Owens★★★★★★★★★★#194 · hits 63% · avg +19.9% Piper Sandler $175 Hold −15.6% Reiterated 25.09.26on TipRanks 07:10 −10.6%next day +4.0% · 5 days +2.1%
Matthew Hedberg★★★★★★★★★★#1234 · hits 54% · avg +7.8% RBC Capital $210 → $236+12.4% Buy +13.8% Reiterated 24.09.26on TipRanks Sep 25 07:30 +0.2%next day −10.6% · 5 days −7.0%
Erik Suppiger★★★★★★★★★★#366 · hits 59% · avg +20.7% B. Riley Securities $215 Buy +3.7% Reiterated 18.09.26on TipRanks 08:50 −0.2%next day +3.4% · 5 days −3.4%
Peter Weed★★★★★★★★★★#1023 · hits 66% · avg +14.7% Bernstein $224 → $298+33.0% Buy +43.7% Reiterated 17.09.26on TipRanks 06:25 +1.9%next day −0.2% · 5 days +7.8%
Imtiaz Koujalgi★★★★★★★★★★#894 · hits 68% · avg +20.9% Roth MKM $215 → $170−20.9% Hold −18.0% Reiterated 08.09.26on TipRanks 07:45 −4.1%next day +3.0% · 5 days +20.8%
Fatima Boolani★★★★★★★★★★#345 · hits 64% · avg +19.6% Citi $175 → $205+17.1% Buy −1.1% Reiterated 08.09.26on TipRanks 06:40 −4.1%next day +3.0% · 5 days +20.8%
John Difucci★★★★★★★★★★#278 · hits 63% · avg +17.6% Guggenheim $214 Buy +3.2% Reiterated 04.09.26on TipRanks Sep 5 13:50 −4.1%next day −4.1% · 5 days +14.1%
Adam Borg★★★★★★★★★★#582 · hits 66% · avg +15.2% Stifel Nicolaus $200 Buy −3.6% Reiterated 04.09.26on TipRanks 09:35 −4.1%next day −4.1% · 5 days +14.1%
Roger Boyd★★★★★★★★★★#2761 · hits 58% · avg +8.0% UBS $225 Buy +8.5% Reiterated 04.09.26on TipRanks 08:55 −4.1%next day −4.1% · 5 days +14.1%
Brad Zelnick★★★★★★★★★★#560 · hits 66% · avg +9.3% Deutsche Bank $175 → $215+22.9% Buy +3.7% Assigned 04.09.26on TipRanks 08:45 −4.1%next day −4.1% · 5 days +14.1%
Junaid Siddiqui★★★★★★★★★★#379 · hits 74% · avg +31.2% Truist Financial $200 Buy −3.6% Reiterated 04.09.26on TipRanks 07:50 −4.1%next day −4.1% · 5 days +14.1%
Todd Weller CFA★★★★★★★★★★#3888 · hits 54% · avg +11.4% Stephens $225 Buy +8.5% Assigned 04.09.26on TipRanks 07:45 −4.1%next day −4.1% · 5 days +14.1%
Patrick Colville★★★★★★★★★★#1680 · hits 55% · avg +8.6% Scotiabank $175 → $200+14.3% Buy −3.6% Reiterated 04.09.26on TipRanks 07:35 −4.1%next day −4.1% · 5 days +14.1%
Shaul Eyal★★★★★★★★★★#238 · hits 62% · avg +18.3% TD Cowen $200 Buy −3.6% Reiterated 04.09.26on TipRanks 07:30 −4.1%next day −4.1% · 5 days +14.1%
Brian Essex★★★★★★★★★★#1150 · hits 55% · avg +10.1% J.P. Morgan $215 Buy +3.7% Assigned 04.09.26on TipRanks 07:30 −4.1%next day −4.1% · 5 days +14.1%
Catharine Trebnick★★★★★★★★★★#6979 · hits 49% · avg +0.4% Rosenblatt Securities $200 Buy −3.6% Reiterated 04.09.26on TipRanks 07:10 −4.1%next day −4.1% · 5 days +14.1%
Kingsley Crane★★★★★★★★★★#831 · hits 57% · avg +13.6% Canaccord Genuity $210 Buy +1.3% Reiterated 04.09.26on TipRanks 06:50 −4.1%next day −4.1% · 5 days +14.1%
Mike Cikos★★★★★★★★★★#418 · hits 59% · avg +16.1% Needham $180 → $215+19.4% Buy +3.7% Reiterated 04.09.26on TipRanks 06:50 −4.1%next day −4.1% · 5 days +14.1%
Meta Marshall★★★★★★★★★★#1825 · hits 56% · avg +6.2% Morgan Stanley $145 → $165+13.8% Hold −20.4% Assigned 04.09.26on TipRanks 06:30 −4.1%next day −4.1% · 5 days +14.1%
Richard Poland★★★★★★★★★★#7479 · hits 60% · avg +1.3% Wells Fargo $210 → $215+2.4% Buy +3.7% Reiterated 04.09.26on TipRanks 05:50 −4.1%next day −4.1% · 5 days +14.1%
Eric Heath★★★★★★★★★★#631 · hits 66% · avg +19.7% KeyBanc — Buy — Reiterated 04.09.26on TipRanks 05:25 −4.1%next day −4.1% · 5 days +14.1%
Tal Liani★★★★★★★★★★#798 · hits 58% · avg +10.2% Bank of America Securities $210 Buy +1.3% Reiterated 04.09.26on TipRanks 04:55 −4.1%next day −4.1% · 5 days +14.1%
Keith Bachman★★★★★★★★★★#1304 · hits 53% · avg +8.0% BMO Capital $178 → $200+12.4% Buy −3.6% Reiterated 03.09.26on TipRanks Sep 4 07:15 +1.9%next day −4.1% · 5 days −6.3%
Gray Powell★★★★★★★★★★#648 · hits 58% · avg +12.0% BTIG — Hold — Reiterated 03.09.26on TipRanks Sep 4 06:05 +1.9%next day −4.1% · 5 days −6.3%
Jonathan Ruykhaver★★★★★★★★★★#124 · hits 64% · avg +24.8% Cantor Fitzgerald $225 Buy +8.5% Reiterated 19.08.26on TipRanks 07:50 −0.8%next day −4.4% · 5 days −7.4%
Daniel Ives★★★★★★★★★★#345 · hits 58% · avg +18.2% Wedbush $220 Buy +6.1% Reiterated 10.06.26on TipRanks 08:55 +0.7%next day −0.6% · 5 days −2.4%
Rahul Chopra★★★★★★★★★★#1545 · hits 74% · avg +15.9% Berenberg Bank $320 → $200−37.5% Buy −3.6% Reiterated 28.05.26on TipRanks May 31 21:15 +2.3%next day +7.2% · 5 days +3.7%
Adam Tindle★★★★★★★★★★#2378 · hits 51% · avg +5.8% Raymond James — Hold — Reiterated 27.05.26on TipRanks 09:10 −31.5%next day +2.3% · 5 days +5.8%
Gabriela Borges★★★★★★★★★★#817 · hits 59% · avg +13.8% Goldman Sachs $257 → $179−30.4% Hold −13.7% Reiterated 27.05.26on TipRanks 07:35 −31.5%next day +2.3% · 5 days +5.8%
Trevor J. Walsh★★★★★★★★★★#171 · hits 68% · avg +29.6% Citizens JMP $290 → $210−27.6% Buy +1.3% Reiterated 01.05.26on TipRanks 06:05 +6.7%next day +2.1% · 5 days +6.5%
Unknown Analyst Macquarie $210 Buy +1.3% Reiterated 27.02.26on TipRanks Feb 28 07:20 −11.7%next day +1.0% · 5 days +13.6%
Connor Murphy★★★★★★★★★★#1809 · hits 66% · avg +18.8% Capital One Financial $320 Buy +54.3% Upgrade 26.11.25on TipRanks 05:35 −13.7%next day −0.7% · 5 days −4.7%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Zscaler

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Jonathan Ruykhaver★★★★★★★★★★Cantor Fitzgerald · #124
Hits 64%285 of 445 Average return +24.8%
1 year Eric Heath★★★★★★★★★★KeyBanc · #631
Hits 66%99 of 149 Average return +19.7%
2 years Peter Weed★★★★★★★★★★Bernstein · #1023
Hits 66%94 of 143 Average return +14.7%

Most profitable

3 months Jonathan Ruykhaver★★★★★★★★★★Cantor Fitzgerald · #124
Hits 64%285 of 445 Average return +24.8%
1 year Jonathan Ruykhaver★★★★★★★★★★Cantor Fitzgerald · #124
Hits 64%285 of 445 Average return +24.8%
2 years Jonathan Ruykhaver★★★★★★★★★★Cantor Fitzgerald · #124
Hits 64%285 of 445 Average return +24.8%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $211 at a price of $199 (+6.0%); now: $238 at $207 (+14.7%).

$175$200$225Sep 15Oct 1Oct 15Top analysts$237Average target$238Price$207

PriceAverage targetTop analysts’ target

Recommendation trend

0255075466Oct 2517112Nov1408Dec5409Jan 2623245Feb26255Mar22226Apr183111May293513Jun313811Jul16294Aug3568Sep17811Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy1829311631
Buy313538295678
Hold1113114811
Sell000000

Earnings and sales forecast

Next report: 01.12.26 (Q1 2027, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $1.16 (from $1.10 to $1.18). Last quarter: $1.19.

Sales

Next quarter’s sales estimate — $938M (from $937M to $944M). Last quarter: $898M.

Best top-analyst consensus in the sector · Technology

TSMTSMC
ANETArista Networks
UCTTUltra Clean Holdings
ONTOOnto Innovation
CLSnot in our ETFs
About Zscaler
  • CEO: Jagtar Singh Chaudhry
  • Employees: 8,700
  • 120 Holger Way, San Jose, CA, 95134, US
  • www.zscaler.com

Globally recognized, Zscaler, Inc. functions as a leading provider of cloud-based security solutions. Its core offerings include Zscaler Internet Access (ZIA), which ensures secure connectivity for a diverse range of entities – including users, servers, operational technology (OT), and IoT devices – when accessing external resources like software-as-a-service (SaaS) applications and general internet destinations. Complementing this, the Zscaler Private Access (ZPA) solution facilitates secure entry to internal applications residing in private or public clouds and traditional data centers. Zscaler also delivers Zscaler Digital Experience (ZDX), a tool that assesses the complete user journey across various business applications. ZDX then generates a clear, digestible digital experience score for individual users, specific applications, and different locations within an organization. Furthermore, the company's portfolio extends to advanced workload segmentation solutions. This category includes Zscaler Cloud Security Posture Management (CSPM), designed to identify and correct application misconfigurations across SaaS, IaaS, and PaaS environments, thereby minimizing risk and upholding compliance standards. Another key offering is Zscaler Cloud Workload Segmentation, specifically engineered to fortify application-to-application communication within public clouds and data centers. Its objective is to thwart lateral threat propagation, safeguard applications from compromise, and ultimately mitigate the potential for data breaches. The underlying platform is built upon integral components such as the Zscaler Central Authority, Zscaler Enforcement Nodes, and Zscaler Log Servers. Serving a diverse global clientele, Zscaler caters to numerous sectors including aviation and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, as well as technology and telecommunications. F

Data from the stock’s TipRanks forecast page, read 8 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗