Wedbush Forecasts Strong Price Appreciation for Zscaler (NASDAQ:ZS) Stock

Zscaler (NASDAQ:ZS) had its target price raised by analysts at Wedbush from $330.00 to $350.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 9.37% from the stock’s previous close.

Other research analysts have also issued reports about the company. BMO Capital Markets lifted their target price on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Stifel Nicolaus upped their price target on shares of Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. B. Riley began coverage on shares of Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective on the stock. UBS Group dropped their target price on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $340.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.69.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $320.01 on Monday. The stock has a market cap of $50.66 billion, a price-to-earnings ratio of -1,185.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler has a 12 month low of $164.78 and a 12 month high of $336.99. The stock’s 50 day moving average price is $300.92 and its 200 day moving average price is $285.35.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same period last year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts anticipate that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert Schlossman sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider owned 80,086 shares in the company, valued at approximately $26,027,950. This represents a 3.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,084 shares of company stock worth $12,446,825 over the last three months. 18.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Zscaler

A number of institutional investors have recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of Zscaler during the first quarter worth $26,000. Tradewinds Capital Management LLC increased its position in Zscaler by 145.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Zscaler during the 3rd quarter worth about $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Zscaler during the 1st quarter worth about $29,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Zscaler during the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.