Zscaler Stock Forecast

Stock Price Forecast

The 36 analysts with 12-month price forecasts for Zscaler stock have an average target of 264.94, with a low estimate of 155 and a high estimate of 385. The average target predicts an increase of 94.71% from the current stock price of 136.07.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$155	$264.94	$264	$385
Change	+13.91%	+94.71%	+94.02%	+182.94%

Analyst Ratings

The average analyst rating for Zscaler stock from 38 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	11	11	11	13	13	11
Buy	18	18	18	18	19	18
Hold	6	6	6	6	7	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	35	35	35	37	39	38

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Hamza Fodderwala Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $200 → $155	Buy → Hold	Downgrades	$200 → $155	+13.91%	Apr 22, 2026
Eric Heath Keybanc	Keybanc	Buy Maintains $220 → $160	Buy	Maintains	$220 → $160	+17.59%	Apr 15, 2026
Gray Powell BTIG	BTIG	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Apr 9, 2026
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $280 → $250	Buy	Maintains	$280 → $250	+83.73%	Mar 10, 2026
Richard Poland Wells Fargo	Wells Fargo	Buy Initiates $200	Buy	Initiates	$200	+46.98%	Mar 3, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.42B

from 2.67B

27.83%

from 2.67B

Revenue Next Year

4.09B

from 3.42B

19.67%

from 3.42B

EPS This Year

4.13

from -0.27

EPS Next Year

4.73

from 4.13

14.51%

from 4.13

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jul 31, 2021	Jul 31, 2022	Jul 31, 2023	Jul 31, 2024	Jul 31, 2025	Jul 31, 2026	Jul 31, 2027
Revenue	673.10M	1.09B	1.62B	2.17B	2.67B	3.42B	4.09B
Revenue Growth	56.07%	62.08%	48.22%	34.07%	23.31%	27.83%	19.67%
EPS	-1.93	-2.77	-1.40	-0.39	-0.27	4.13	4.73
EPS Growth	-	-	-	-	-	-	14.51%
Forward PE	-	-	-	-	-	32.96	28.79
No. Analysts	-	-	-	-	-	52	51

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	3.5B	4.3B
Avg	3.4B	4.1B
Low	3.2B	3.8B

Revenue Growth

Revenue Growth	2026	2027
High	32.1%	25.3%
Avg	27.8%	19.7%
Low	20.7%	11.5%

EPS Forecast

EPS	2026	2027
High	4.41	5.49
Avg	4.13	4.73
Low	3.73	3.73

EPS Growth

EPS Growth	2026	2027
High	-	33.0%
Avg	-	14.5%
Low	-	-9.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.