Macquarie Reiterates Rating on Zscaler, Inc. $ZS

Key Points

  • Macquarie now rates Zscaler, Inc. ($ZS) "buy" with a $172 target.
  • Macquarie's $172 price target implies 32.80% upside from Zscaler, Inc.'s ($ZS) current $129.52 share price.
  • The Street's average $ZS price target is $198.88 (Buy).
  • $ZS last traded around $129.52.

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Macquarie reiterated its rating on Zscaler, Inc. ($ZS) to a "buy" rating in a recent research note and set a price target of $172, a 32.80% upside from the current price.

Zscaler, Inc. Stock Down 29.7%

Shares of Zscaler, Inc. ($ZS) traded around $129.52 on Saturday, down 29.7% for the day.

Last price$129.52
Market cap$30.46B
Forward P/E40.97
PEG ratio2.04
Beta0.92
52-week low$114.62
52-week high$336.99
50-day MA$157.01
200-day MA$175.06
Current ratio1.86
Quick ratio1.72
Debt-to-equity0.79

Zscaler, Inc. Earnings

EPS (ttm)-$0.49
Revenue (ttm)$3.17B
Revenue growth25.40%
Net margin-2.44%
Return on equity-3.71%
Next earningsSep 3, 2026

Analysts Set New Price Targets

ConsensusBuy
Average target$198.88
High target$250
Low target$145
Analysts covering44

About Zscaler, Inc.

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, reduced attack surface, and browser isolation; Zero Trust Firewall; Cloud Sandbox; and Zero Trust Browser. It also provides data security products, such as web and email DLP, endpoint DLP, BYOD security, multi-mode CASB, unified SaaS security, DSPM, AI-SPM, public gen AI security, and Microsoft Copilot data protection; Zero Trust Cloud solution. In addition, the company offers Zero Trust Branch comprising Zero Trust SD-WAN; IoT/OT segmentation; privileged remote access; Zscaler Cellular; and Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy-to-understand digital experience score for each user, application, and location within an enterprise. Further, it provides security operations products, including data fabric for security; asset exposure management; Risk360; unified vulnerability management; deception; managed detection and response; and managed threat hunting. Additionally, the company offers Zero Trust Gateway, a fully managed Zscaler service. It serves the automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

ExchangeNasdaqGS
SectorTechnology
IndustrySoftware - Infrastructure
HeadquartersSan Jose, CA
CEOMr. Jagtar Singh Chaudhry
Employees7,923

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