70/100BZscaler stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Zscaler is 222.58, 17.6% above the current price of 189.21. Their targets range from 150.00 to 298.00.
Of the 35 firms that rated Zscaler in the past 12 months, 30 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 150.00 to 298.00, with an average of 222.58.
| Buy | 30 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 298.00 |
| Average target | 222.58 |
| Lowest target | 150.00 |
| Current price | 189.21 |
Zscaler price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Zscaler price target and rating?
How analysts rate Zscaler, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
30 of 35 firms rate it buy now, against 28 of 32 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Zscaler analyst upgrades, downgrades and price targets
The latest rating change came on 1 June 2026, when Guggenheim upgraded Zscaler from Neutral to Buy. Its price target is 214.00. The most recent new target came from D.A. Davidson on 20 October 2026: 215.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | D.A. Davidson | — | 215.00 | — | 214.51 |
| 7 Oct 2026 | Scotiabank | Reiterated · Sector Outperform | 240.00 → 255.00 | +6.3% | 211.80 |
| 7 Oct 2026 | Jefferies | Reiterated · Buy | 220.00 → 250.00 | +13.6% | 211.27 |
| 7 Oct 2026 | Wedbush | Reiterated · Outperform | 240.00 | — | 212.23 |
| 7 Oct 2026 | Needham Mike Cikos | Reiterated · Buy | 215.00 → 255.00 | +18.6% | 212.25 |
| 7 Oct 2026 | Canaccord Genuity | Reiterated · Buy | 210.00 → 250.00 | +19.0% | 212.25 |
| 7 Oct 2026 | Robert W. Baird Shrenik Kothari | — | 230.00 → 285.00 | +23.9% | 212.25 |
| 7 Oct 2026 | Stephens Todd Weller | Reiterated · Overweight | 215.00 → 265.00 | +23.3% | 212.25 |
| 7 Oct 2026 | Rosenblatt Securities Catherine Trebnick | — | 250.00 | — | 212.25 |
| 7 Oct 2026 | Cantor Fitzgerald Jonathan Ruykhaver | Reiterated · Overweight | 225.00 → 275.00 | +22.2% | 212.25 |
| 7 Oct 2026 | Stifel Nicolaus | Reiterated · Buy | 175.00 → 235.00 | +34.3% | 212.25 |
| 7 Oct 2026 | Guggenheim | Reiterated · Buy | 214.00 → 254.00 | +18.7% | 212.25 |
| 7 Oct 2026 | Morgan Stanley Meta Marshall | Reiterated · Equal Weight | 165.00 → 185.00 | +12.1% | 212.25 |
| 7 Oct 2026 | Wells Fargo | Reiterated · Overweight | 215.00 → 260.00 | +20.9% | 212.25 |
| 7 Oct 2026 | Barclays | Reiterated · Overweight | 200.00 → 225.00 | +12.5% | 212.25 |
| 7 Oct 2026 | Mizuho Securities Gregg Moskowitz | — | 185.00 → 235.00 | +27.0% | 212.25 |
| 5 Oct 2026 | Scotiabank | Reiterated · Sector Outperform | 200.00 → 240.00 | +20.0% | 203.10 |
| 25 Sept 2026 | RBC Capital | Reiterated · Outperform | 250.00 → 236.00 | -5.6% | 195.89 |
| 17 Sept 2026 | Bernstein | Reiterated · Outperform | 224.00 → 298.00 | +33.0% | 191.58 |
| 5 Sept 2026 | Roth Capital Taz Koujalgi | — | 170.00 | — | 169.80 |
| 4 Sept 2026 | Stephens | Reiterated · Overweight | 205.00 → 215.00 | +4.9% | 170.32 |
| 4 Sept 2026 | Needham Alex Henderson | Reiterated · Buy | 310.00 → 215.00 | -30.6% | 177.80 |
| 4 Sept 2026 | Scotiabank Patrick Colville | Reiterated · Sector Outperform | 175.00 → 200.00 | +14.3% | 177.80 |
| 4 Sept 2026 | Piper Sandler Rob Owens | Reiterated · Neutral | 160.00 → 175.00 | +9.4% | 177.80 |
| 4 Sept 2026 | Morgan Stanley Meta Marshall | Reiterated · Equal Weight | 145.00 → 165.00 | +13.8% | 177.80 |
| 4 Sept 2026 | Barclays | Reiterated · Overweight | 192.00 → 200.00 | +4.2% | 177.80 |
| 4 Sept 2026 | Wells Fargo Richard Poland | Reiterated · Overweight | 180.00 → 215.00 | +19.4% | 177.80 |
| 2 Sept 2026 | Jefferies Joseph Gallo | — | 220.00 | — | 178.37 |
| 25 Aug 2026 | Barclays | Reiterated · Overweight | 170.00 → 192.00 | +12.9% | 176.06 |
| 21 Aug 2026 | KeyBanc | Reiterated · Overweight | 185.00 → 210.00 | +13.5% | 174.95 |
| 16 Jul 2026 | KeyBanc | Reiterated · Overweight | 176.00 → 185.00 | +5.1% | 148.19 |
| 25 Jun 2026 | KeyBanc | Reiterated · Overweight | 190.00 → 176.00 | -7.4% | 127.27 |
| 11 Jun 2026 | Wolfe Research Alex Zukin | — | 150.00 | — | 124.73 |
| 1 Jun 2026 | Guggenheim John DiFucci | Upgraded · Neutral → Buy | 214.00 | — | 139.73 |
| 28 May 2026 | Wells Fargo | Reiterated · Overweight | 180.00 | — | 126.41 |
| 28 May 2026 | Berenberg Bank | — | 200.00 | — | 126.41 |
| 27 May 2026 | Scotiabank | Reiterated · Sector Outperform | 320.00 → 175.00 | -45.3% | 127.56 |
| 27 May 2026 | US Tiger Securities | — | 230.00 | — | 126.82 |
| 27 May 2026 | FBN Securities Shelby Seyrafi | — | 175.00 | — | 127.02 |
| 27 May 2026 | Deutsche Bank Brad Zelnick | — | 175.00 | — | 129.24 |
| 27 May 2026 | UBS | Reiterated · Buy | 340.00 → 225.00 | -33.8% | 129.30 |
| 27 May 2026 | BMO Capital Keith Bachman | Reiterated · Outperform | 315.00 → 178.00 | -43.5% | 184.60 |
| 27 May 2026 | Cantor Fitzgerald Jonathan Ruykhaver | Reiterated · Overweight | 300.00 → 225.00 | -25.0% | 184.60 |
| 27 May 2026 | Robert W. Baird Shrenik Kothari | — | 360.00 → 230.00 | -36.1% | 184.60 |
| 27 May 2026 | Piper Sandler | Reiterated · Neutral | 260.00 → 160.00 | -38.5% | 184.60 |
| 27 May 2026 | Canaccord Genuity Michael Walkley | Reiterated · Buy | 340.00 → 210.00 | -38.2% | 184.60 |
| 27 May 2026 | Stephens | Reiterated · Overweight | 225.00 → 205.00 | -8.9% | 184.60 |
| 27 May 2026 | Bernstein | Reiterated · Outperform | 228.00 → 224.00 | -1.8% | 184.60 |
| 27 May 2026 | Goldman Sachs Gabriela Borges | — | 179.00 | — | 184.60 |
| 27 May 2026 | Barclays Saket Kalia | Reiterated · Overweight | 220.00 → 170.00 | -22.7% | 184.60 |
Zscaler EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Revenue
EPS
Does Zscaler beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 18.9% off the result, either way, and their revenue estimate 2.4%, over the last 12 quarters.
- EPS beats
- 34 / 34
- Revenue beats
- 28 / 34
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +18.9%
- Since
- June 2018
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 3 Sept 2026 | 1.09 | 1.19 | +9.2% | 876.96M | 898.19M | +2.4% |
| Q3 FY2026 | 26 May 2026 | 1.01 | 1.08 | +6.9% | 835.14M | 850.48M | +1.8% |
| Q2 FY2026 | 26 Feb 2026 | 0.89 | 1.01 | +13.0% | 798.33M | 815.75M | +2.2% |
| Q1 FY2026 | 25 Nov 2025 | 0.86 | 0.96 | +12.1% | 773.28M | 788.11M | +1.9% |
| Q4 FY2025 | 2 Sept 2025 | 0.80 | 0.89 | +11.2% | 706.94M | 719.23M | +1.7% |
| Q3 FY2025 | 29 May 2025 | 0.75 | 0.84 | +11.7% | 666.46M | 678.03M | +1.7% |
| Q2 FY2025 | 5 Mar 2025 | 0.69 | 0.78 | +13.5% | 634.38M | 647.90M | +2.1% |
| Q1 FY2025 | 2 Dec 2024 | 0.63 | 0.77 | +22.2% | 605.51M | 627.96M | +3.7% |
| Q4 FY2024 | 3 Sept 2024 | 0.70 | 0.88 | +25.0% | 567.46M | 592.87M | +4.5% |
| Q3 FY2024 | 30 May 2024 | 0.66 | 0.88 | +33.9% | 536.12M | 553.20M | +3.2% |
| Q2 FY2024 | 29 Feb 2024 | 0.58 | 0.76 | +31.0% | 507.62M | 525.00M | +3.4% |
| Q1 FY2024 | 27 Nov 2023 | 0.49 | 0.67 | +36.7% | 497.41M | 496.70M | -0.1% |
Zscaler stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Zscaler's earnings grow at the 15.6% a year analysts expect to FY2029, then 15.0% a year, it would earn about 8.66 a share in FY2031. At the P/E of similar companies (Software - Infrastructure, 27.4 to 34.8) that is 237.63 to 301.52 a share, or 277.60 at their average P/E of 32.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 4.88 | 133.84 | 156.35 | 169.83 |
| FY2028 | 5.60 | 153.62 | 179.46 | 194.93 |
| FY2029 | 6.55 | 179.68 | 209.90 | 228.00 |
| FY2030 (extrapolated) | 7.53 | 206.63 | 241.39 | 262.19 |
| FY2031 (extrapolated) | 8.66 | 237.63 | 277.60 | 301.52 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Its own P/E has been above 60, or from losses, too often in the last five years, so bear, base and bull apply the lowest, average and highest P/E of similar companies (Software - Infrastructure: 27.4, 32.0, 34.8), those up to 60.
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.