What is the analyst consensus rating for ZS?

The analyst consensus rating for ZS is "Buy" based on 42 analyst recommendations.

What is the average price target for ZS?

The average 12-month price target for ZS is $191.50, representing an upside of 37.1% from the current price of $139.70.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Zscaler, Inc. (ZS) Forecast: Analyst Ratings & Targets

Latest ZS Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Jul 13, 2026	Richard Poland	Wells Fargo	Maintains	Buy	$120.00 → $255.00 +135.00 (112.5%)
Jul 8, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Jun 29, 2026	Peter Weed	Bernstein	Maintains	Buy	$224.00
Jun 29, 2026	Richard Poland	Wells Fargo	Reiterates	Buy	$120.00 → $255.00 +135.00 (112.5%)
Jun 25, 2026	Eric Heath	KeyBanc	Maintains	Buy	$190.00 → $176.00 -14.00 (-7.4%)
Jun 18, 2026	Joseph Gallo	Jefferies	Maintains	Buy	$200.00
Jun 15, 2026	Patrick Colville	Scotiabank	Reiterates	Buy	$175.00
Jun 15, 2026	Richard Poland	Wells Fargo	Reiterates	Buy	$120.00 → $255.00 +135.00 (112.5%)
Jun 15, 2026	Mike Cikos	Needham	Maintains	Buy	$180.00
Jun 12, 2026	Ittai Kidron	Oppenheimer	Maintains	Buy	$250.00
Jun 11, 2026	Adam Borg	Stifel Nicolaus	Maintains	Buy	$175.00
Jun 11, 2026	Kingsley Crane	Canaccord Genuity	Maintains	Buy	$210.00
Jun 11, 2026	Imtiaz Koujalgi	Roth MKM	Maintains	Hold	$215.00
Jun 11, 2026	Junaid Siddiqui	Truist	Reiterates	Buy	$200.00
Jun 10, 2026	Daniel Ives	Wedbush	Maintains	Buy	$220.00
Jun 10, 2026	John Difucci	Guggenheim	Maintains	Buy	$214.00
Jun 10, 2026	Jonathan Ruykhaver	Cantor Fitzgerald	Reiterates	Buy	$225.00
Jun 10, 2026	Erik Suppiger	B Riley	Reiterates	Buy	$215.00
Jun 10, 2026	Meta Marshall	Morgan Stanley	Maintains	Hold	$155.00 → $145.00 -10.00 (-6.5%)
Jun 9, 2026	Gray Powell	BTIG	Maintains	Hold	-
Jun 9, 2026	Shrenik Kothari	Baird	Maintains	Buy	$230.00
Jun 9, 2026	Catharine Trebnick	Rosenblatt	Maintains	Buy	$200.00
Jun 9, 2026	Matthew Hedberg	RBC Capital	Maintains	Buy	$200.00
Jun 3, 2026	Google Software - Infrastructure	TipRanks - Google	Reiterates	Hold	$167.00 → $152.00 -15.00 (-9.0%)
Jun 3, 2026	Anthropic Software - Infrastructure	TipRanks - Anthropic	Reiterates	Hold	$159.00 → $148.00 -11.00 (-6.9%)
Jun 3, 2026	DeepSeek Software - Infrastructure	TipRanks - DeepSeek	Reiterates	Hold	$169.00 → $154.00 -15.00 (-8.9%)
Jun 3, 2026	xAi Software - Infrastructure	TipRanks - xAI	Downgrades	Buy	$171.00 → $160.00 -11.00 (-6.4%)
Jun 3, 2026	OpenAI Software - Infrastructure	TipRanks - OpenAI	Reiterates	Hold	$171.00 → $157.00 -14.00 (-8.2%)
May 28, 2026	Rahul Chopra	Berenberg Bank	Maintains	Buy	$320.00 → $200.00 -120.00 (-37.5%)
May 27, 2026	Todd Weller CFA	Stephens	Initiates Coverage	Buy	$200.00
May 27, 2026	Gregg Moskowitz	Mizuho	Initiates Coverage	Buy	$210.00 → $185.00 -25.00 (-11.9%)
May 27, 2026	Rob Owens	Piper Sandler	Maintains	Hold	$185.00 → $160.00 -25.00 (-13.5%)
May 27, 2026	Brad Zelnick	Deutsche Bank	Initiates Coverage	Buy	$185.00 → $175.00 -10.00 (-5.4%)
May 27, 2026	Shaul Eyal	TD Cowen	Maintains	Buy	$220.00 → $180.00 -40.00 (-18.2%)
May 27, 2026	Gabriela Borges	Goldman Sachs	Maintains	Hold	$257.00 → $179.00 -78.00 (-30.4%)
May 27, 2026	Saket Kalia	Barclays	Maintains	Buy	$180.00 → $170.00 -10.00 (-5.6%)
May 27, 2026	Tal Liani	BofA Securities	Maintains	Buy	$175.00
May 27, 2026	Keith Bachman	BMO Capital	Maintains	Buy	$210.00 → $178.00 -32.00 (-15.2%)
May 27, 2026	Brian Essex	JP Morgan	Initiates Coverage	Buy	$250.00 → $205.00 -45.00 (-18.0%)
May 27, 2026	Roger Boyd	UBS	Initiates Coverage	Buy	$260.00 → $225.00 -35.00 (-13.5%)
May 27, 2026	Adam Tindle	Raymond James	Reiterates	Hold	-
May 26, 2026	Peter Levine	Evercore ISI Group	Upgrades	Hold	$225.00 → $155.00 -70.00 (-31.1%)
May 18, 2026	Mike Zaccardi, CFA, CMT	Investing.com	Initiates Coverage	Buy	-
May 1, 2026	Trevor J. Walsh	Citizens JMP	Maintains	Buy	$290.00 → $210.00 -80.00 (-27.6%)

Richard Poland

Wells Fargo

BuyMaintains

$120.00 → $255.00

Jul 13

Zacks Equity Research

HoldInitiates Coverage

Jul 8

Peter Weed

Bernstein

BuyMaintains

$224.00

Jun 29

Richard Poland

Wells Fargo

BuyReiterates

$120.00 → $255.00

Jun 29

Eric Heath

KeyBanc

BuyMaintains

$190.00 → $176.00

Jun 25

Joseph Gallo

Jefferies

BuyMaintains

$200.00

Jun 18

Patrick Colville

Scotiabank

BuyReiterates

$175.00

Jun 15

Richard Poland

Wells Fargo

BuyReiterates

$120.00 → $255.00

Jun 15

Mike Cikos

Needham

BuyMaintains

$180.00

Jun 15

Ittai Kidron

Oppenheimer

BuyMaintains

$250.00

Jun 12

Adam Borg

Stifel Nicolaus

BuyMaintains

$175.00

Jun 11

Kingsley Crane

Canaccord Genuity

BuyMaintains

$210.00

Jun 11

Imtiaz Koujalgi

Roth MKM

HoldMaintains

$215.00

Jun 11

Junaid Siddiqui

Truist

BuyReiterates

$200.00

Jun 11

Daniel Ives

Wedbush

BuyMaintains

$220.00

Jun 10

John Difucci

Guggenheim

BuyMaintains

$214.00

Jun 10

Jonathan Ruykhaver

Cantor Fitzgerald

BuyReiterates

$225.00

Jun 10

Erik Suppiger

B Riley

BuyReiterates

$215.00

Jun 10

Meta Marshall

Morgan Stanley

HoldMaintains

$155.00 → $145.00

Jun 10

Gray Powell

BTIG

HoldMaintains

Jun 9

Shrenik Kothari

Baird

BuyMaintains

$230.00

Jun 9

Catharine Trebnick

Rosenblatt

BuyMaintains

$200.00

Jun 9

Matthew Hedberg

RBC Capital

BuyMaintains

$200.00

Jun 9

Google Software - Infrastructure

TipRanks - Google

HoldReiterates

$167.00 → $152.00

Jun 3

Anthropic Software - Infrastructure

TipRanks - Anthropic

HoldReiterates

$159.00 → $148.00

Jun 3

DeepSeek Software - Infrastructure

TipRanks - DeepSeek

HoldReiterates

$169.00 → $154.00

Jun 3

xAi Software - Infrastructure

TipRanks - xAI

BuyDowngrades

$171.00 → $160.00

Jun 3

OpenAI Software - Infrastructure

TipRanks - OpenAI

HoldReiterates

$171.00 → $157.00

Jun 3

Rahul Chopra

Berenberg Bank

BuyMaintains

$320.00 → $200.00

May 28

Todd Weller CFA

Stephens

BuyInitiates Coverage

$200.00

May 27

Gregg Moskowitz

Mizuho

BuyInitiates Coverage

$210.00 → $185.00

May 27

Rob Owens

Piper Sandler

HoldMaintains

$185.00 → $160.00

May 27

Brad Zelnick

Deutsche Bank

BuyInitiates Coverage

$185.00 → $175.00

May 27

Shaul Eyal

TD Cowen

BuyMaintains

$220.00 → $180.00

May 27

Gabriela Borges

Goldman Sachs

HoldMaintains

$257.00 → $179.00

May 27

Saket Kalia

Barclays

BuyMaintains

$180.00 → $170.00

May 27

Tal Liani

BofA Securities

BuyMaintains

$175.00

May 27

Keith Bachman

BMO Capital

BuyMaintains

$210.00 → $178.00

May 27

Brian Essex

JP Morgan

BuyInitiates Coverage

$250.00 → $205.00

May 27

Roger Boyd

UBS

BuyInitiates Coverage

$260.00 → $225.00

May 27

Adam Tindle

Raymond James

HoldReiterates

May 27

Peter Levine

Evercore ISI Group

HoldUpgrades

$225.00 → $155.00

May 26

Mike Zaccardi, CFA, CMT

Investing.com

BuyInitiates Coverage

May 18

Trevor J. Walsh

Citizens JMP

BuyMaintains

$290.00 → $210.00

May 1

Zscaler, Inc. (ZS) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest ZS Analyst Ratings & Recommendations

Frequently Asked Questions