B of A Securities Upgrades Zscaler to Buy Amid Positive Forecast

Fintel reports that on March 7, 2025, B of A Securities upgraded their outlook for Zscaler (XTRA:0ZC) from Neutral to Buy.

Analyst Price Forecast Indicates Potential Growth

As of March 3, 2025, the average one-year price target for Zscaler stands at 221.63 €/share. Projections vary, with a low estimate of 172.03 € and a high estimate of 337.81 €. This average target suggests an increase of 18.88% from the latest reported closing price of 186.42 €/share.

See our leaderboard of companies with the largest price target upside.

Revenue and Earnings Projections

The projected annual revenue for Zscaler is 2,624 million euros, reflecting a growth rate of 8.34%. Additionally, the expected annual non-GAAP earnings per share (EPS) is 2.64.

Fund Sentiment Overview

Currently, there are 1,260 funds or institutions reporting positions in Zscaler, an increase of 79 owners or 6.69% in the past quarter. The average portfolio weight of all funds dedicated to 0ZC is 0.14%, up by 13.67%. In total, shares owned by institutions increased by 7.40% over the last three months to 83,369K shares.

Institutional Shareholder Activities

Invesco QQQ Trust, Series 1 holds 3,112K shares, accounting for 2.03% of the company. In its last filing, the firm reported 2,935K shares, indicating an increase of 5.68%. It also raised its portfolio allocation in 0ZC by 3.34% over the last quarter.

The Vanguard Total Stock Market Index Fund Investor Shares has 2,889K shares, equating to 1.88% ownership. Previously, this firm disclosed ownership of 2,879K shares, marking a 0.33% increase. Their allocation in 0ZC also rose by 4.35% over the past quarter.

American Century Companies holds 2,862K shares, representing 1.87% ownership. This is a decline from their prior report of 2,934K shares, which reflects a decrease of 2.53%. However, they increased their portfolio allocation in 0ZC by 1.78% in the last quarter.

UBS Asset Management Americas owns 2,601K shares, making up 1.70% ownership of Zscaler. Previously, they held 2,236K shares, which is a substantial increase of 14.02%. Nonetheless, there was a significant reduction of their portfolio allocation in 0ZC by 84.17% during the last quarter.

Goldman Sachs Group retains 2,480K shares representing 1.62% ownership. In its last filing, this firm noted an increase from 2,397K shares, translating to a 3.35% rise. However, they decreased their portfolio allocation in 0ZC by 72.21% over the past quarter.

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This story originally appeared on Fintel.

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