In the latest quarter, 29 analysts provided ratings for Zscaler ZS, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 13 | 9 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 7 | 13 | 6 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Zscaler, presenting an average target of $226.1, a high estimate of $290.00, and a low estimate of $180.00. Highlighting a 7.6% decrease, the current average has fallen from the previous average price target of $244.71.
Breaking Down Analyst Ratings: A Detailed Examination
A comprehensive examination of how financial experts perceive Zscaler is derived from recent analyst actions. The following is a detailed summary of 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 | $200.00 | $200.00 |
| Gregg Moskowitz | Mizuho | Maintains | Neutral | $220.00 | $220.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $200.00 | $200.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $270.00 | $270.00 |
| Keith Bachman | BMO Capital | Maintains | Outperform | $208.00 | $208.00 |
| Brian Essex | JP Morgan | Raises | Overweight | $230.00 | $205.00 |
| Alex Henderson | Needham | Maintains | Strong Buy | $290.00 | $290.00 |
| Fatima Boolani | Citigroup | Lowers | Buy | $240.00 | $270.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Buy | $220.00 | $260.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Outperform | $210.00 | $250.00 |
| Yun Kim | Loop Capital | Lowers | Hold | $180.00 | $225.00 |
| Saket Kalia | Barclays | Raises | Overweight | $210.00 | $205.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $230.00 | $215.00 |
| Brian Essex | JP Morgan | Raises | Neutral | $205.00 | $200.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $270.00 | $270.00 |
| Ittai Kidron | Oppenheimer | Lowers | Outperform | $260.00 | $290.00 |
| Yi Fu Lee | Cantor Fitzgerald | Lowers | Neutral | $200.00 | $230.00 |
| Shyam Patil | Susquehanna | Lowers | Positive | $210.00 | $275.00 |
| Gray Powell | BTIG | Lowers | Buy | $220.00 | $258.00 |
| Peter Weed | Bernstein | Lowers | Outperform | $270.00 | $280.00 |
| Gregg Moskowitz | Mizuho | Lowers | Buy | $220.00 | $240.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $208.00 | $192.00 |
| Alex Henderson | Needham | Maintains | Strong Buy | $290.00 | $290.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $192.00 | $255.00 |
| Roger Boyd | UBS | Lowers | Buy | $270.00 | $300.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Equal-Weight | $182.00 | $275.00 |
| Catharine Trebnick | Rosenblatt | Announces | Neutral | $190.00 | - |
| Hamza Fodderwala | Morgan Stanley | Lowers | Equal-Weight | $202.00 | $214.00 |
| Shrenik Kothari | Baird | Lowers | Outperform | $260.00 | $265.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Zscaler. This insight gives a snapshot of analysts' perspectives on 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: Delving into movements, analysts provide estimates for the future value of Zscaler's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Zscaler's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Zscaler analyst ratings.
Get to Know Zscaler Better
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's Economic Impact: An Analysis
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Zscaler's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 32.09% as of 30 April, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Zscaler's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.46%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Zscaler's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.86%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Zscaler's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.47%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Zscaler's debt-to-equity ratio is below the industry average. With a ratio of 1.13, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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