In the latest quarter, 24 analysts provided ratings for Zscaler ZS, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 9 | 9 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 4 | 6 | 4 | 0 | 0 |
| 3M Ago | 1 | 2 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Zscaler, revealing an average target of $250.75, a high estimate of $290.00, and a low estimate of $185.00. This current average has increased by 3.77% from the previous average price target of $241.65.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Zscaler among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $230.00 | - |
| Ki Bin Kim | Truist Securities | Maintains | Buy | $260.00 | $260.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $230.00 | - |
| Frederick Havemeyer | Macquarie | Maintains | Outperform | $245.00 | $245.00 |
| Gabriela Borges | Goldman Sachs | Raises | Neutral | $215.00 | $189.00 |
| Shrenik Kothari | Baird | Raises | Outperform | $265.00 | $255.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $270.00 | - |
| Catharine Trebnick | Rosenblatt | Raises | Buy | $290.00 | $285.00 |
| Yi Fu Lee | Cantor Fitzgerald | Lowers | Neutral | $230.00 | $250.00 |
| Saket Kalia | Barclays | Lowers | Overweight | $240.00 | $259.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $255.00 | $268.00 |
| Daniel Ives | Wedbush | Raises | Outperform | $260.00 | $250.00 |
| Alex Henderson | Needham | Maintains | Strong Buy | $290.00 | - |
| Peter Weed | Bernstein | Lowers | Outperform | $280.00 | $311.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Equal-Weight | $214.00 | $195.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $240.00 | $212.00 |
| Ki Bin Kim | Truist Securities | Raises | Buy | $260.00 | $230.00 |
| Catharine Trebnick | Rosenblatt | Raises | Buy | $285.00 | $245.00 |
| Saket Kalia | Barclays | Raises | Overweight | $259.00 | $244.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $250.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Raises | Neutral | $250.00 | $185.00 |
| Catharine Trebnick | Rosenblatt | Maintains | Buy | $245.00 | - |
| Trevor Walsh | JMP Securities | Raises | Market Outperform | $270.00 | $225.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $185.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Zscaler. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Zscaler compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Zscaler's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Zscaler's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Zscaler analyst ratings.
About Zscaler
Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
Zscaler: Delving into Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Zscaler's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 35.45%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Zscaler's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -5.42%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Zscaler's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -3.22%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Zscaler's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.75%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.29, Zscaler adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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