
Zscaler (ZS) Stock Forecast & Price Target
Zscaler (ZS) Analyst Ratings
Bulls say
Zscaler's positive outlook is supported by favorable industry trends driving the adoption of Secure Service Edge (SSE) and Secure Access Service Edge (SASE) architectures, alongside significant market share potential within an expanding Total Addressable Market (TAM). The company is poised to achieve robust growth, with projected revenue increasing to $3,730 million for FY26, reflecting a year-over-year organic growth rate of 20.4%. Additionally, Zscaler's channel partner ecosystem and a strong upsell opportunity from its evolving product portfolio position the firm for continued improvement in Net New Annual Recurring Revenue (NNARR), which is expected to rise from approximately 1% YoY in FY25 to 9.5% in FY26.
Bears say
Zscaler's recent performance indicates a significant slowdown in growth expectations, with projections for 2025 at just 10-11% compared to the previous year's 40%+ growth rate. Concerns about execution in the company's emerging pillars and a decline in high attach rates pose structural risks to its growth trajectory, affecting investor sentiment negatively. Additionally, the company has faced downward pressure due to broader IT spending trends and declining sales from key partnerships, further exacerbating the risk of multiple compression if the market outlook remains bleak.
This aggregate rating is based on analysts' research of Zscaler and is not a guaranteed prediction by Public.com or investment advice.
Zscaler (ZS) Analyst Forecast & Price Prediction
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