Zscaler Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | September 03, 2024 10:08am

Zscaler, Inc. (NASDAQ:ZS) is set to release earnings results for its fourth quarter, after the closing bell on Tuesday, Sept. 3.

Analysts expect the San Jose, California-based company to report quarterly earnings at 69 cents per share, up from 64 cents per share in the year-ago period. Zscaler projects to report quarterly revenue of $567.93 million for the quarter, up from $455.01 million in the year-ago quarter, according to data from Benzinga Pro.

On June 11, Zscaler, and NVIDIA Corporation (NASDAQ:NVDA), two major players in the tech industry, entered into a strategic partnership to enhance AI-driven security solutions.

Zscaler shares gained 1.4% to close at $199.98 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Barclays analyst Saket Kalia maintained an Overweight rating and raised the price target from $210 to $230 on Aug. 26. This analyst has an accuracy rate of 75%.
• Morgan Stanley analyst Hamza Fodderwala maintained an Equal-Weight rating and boosted the price target from $202 to $215 on Aug. 26. This analyst has an accuracy rate of 74%.
• JMP Securities analyst Trevor Walsh reiterated a Market Outperform rating with a price target of $270 on June 17. This analyst has an accuracy rate of 86%.
• BMO Capital analyst Keith Bachman reiterated an Outperform rating with a price target of $208 on June 14. This analyst has an accuracy rate of 80%.
• Needham analyst Alex Henderson reiterated a Strong Buy rating with a price target of $290 on June 14. This analyst has an accuracy rate of 82%.

Considering buying ZS stock? Here’s what analysts think:

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Posted In: NVDA ZS