Zero Trust And AI Security Will Unlock Future Markets

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Dec 24

Updated

15 Dec 25

Views

402

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

24.1%

7D

-1.6%

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1Y

24.1%

7D

-1.6%

You can edit this narrative until Dec 16 8:10 AM. Then, changes will post as Updates.

Author's Valuation

US$328.2229.1% undervalued

AnalystConsensusTarget Fair Value

Shared on 15 Dec 25

ZS: Future Returns Will Rely On Expanding Demand For Zero Trust Security

Analysts have modestly trimmed our Zscaler price target by a low single digit percentage to reflect slightly higher discount rates and a more balanced interpretation of Q1 results. Strong ARR growth and traction in emerging products were partially offset by mixed guidance, underwhelming bottom line performance, and uneven disclosure around inorganic contributions.

Shared on 01 Dec 25

Fair value Increased 0.075%

ZS: Future Returns Will Rely On Sustained Demand For Cybersecurity Solutions

Zscaler's analyst price target saw a marginal increase of $0.25. Analysts cited solid emerging product traction and improved profit margin expectations, despite mixed operational results.

Shared on 17 Nov 25

Fair value Increased 1.02%

ZS: Future Share Performance Will Depend On Cybersecurity Demand And Competitive Dynamics

Zscaler's analyst-driven fair value estimate has increased slightly to $327.98 per share. This reflects ongoing optimism among analysts about continued growth opportunities in cybersecurity and resilient fundamentals, despite sector volatility.

Shared on 04 Sep 25

Analysts maintained Zscaler’s price target at $324.66, as robust Q4 results, platform leadership, and ongoing ARR growth balanced heightened concerns over valuation and FY26 growth visibility. Analyst Commentary Bullish analysts highlighted Zscaler’s strong fiscal Q4 results, consistent beats across key metrics, and positive initial FY26 guidance as validation of robust growth momentum and a solid go-to-market strategy.

Shared on 07 May 25

Fair value Increased 32%

Shared on 30 Apr 25

Fair value Increased 4.96%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 0.26%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 16 Apr 25

Fair value Decreased 0.44%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 0.25%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 0.47%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.16%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 109%

AnalystConsensusTarget has increased profit margin from 1.5% to 2.4% and increased future PE multiple from 365.5x to 466.9x.

AnalystConsensusTarget Fair Value

US$328.22

29.1% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

15.85%

Software revenue growth rate

1.19%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.57%

Calculation

US$197.93m

Earnings '28

x

379.91x

PE Ratio '28

=

US$75.19b

Market Cap '28

US$75.19b

Market Cap '28

/

179.03m

No. shares '28

=

US$420.01

Share Price '28

US$420.01 Share Price '28

Discounted to 2025 @ 8.57% p.a.

=

US$328.17

Fair Value '25