B of A Upgrades Zscaler Outlook to Buy with 18.88% Upside

B of A Securities has upgraded Zscaler to Buy, indicating a promising outlook. The average price target suggests an 18.88% upside from its recent closing price, signaling confidence in Zscaler's future growth.

Date: 08-03-2025

AI Rating: 7

Earnings Per Share (EPS): The projected annual non-GAAP EPS for Zscaler is reported at 2.64, indicating positive earnings potential which could attract investor interest.

Revenue Growth: The projected annual revenue is 2,624MM, reflecting an increase of 8.34%. Such growth in revenue can lead to greater net income and improved investor sentiment.

The upgrade from B of A Securities to a Buy rating is critical as it can significantly influence market perception and increase demand for Zscaler's shares. The average price target of 221.63€/share, with an upside of 18.88% from the latest closing price, enhances the attractiveness of Zscaler as an investment opportunity.

Furthermore, the increase in institutional ownership, with over 1,260 funds reporting positions in Zscaler, shows a growing confidence among institutional investors. An increase in total shares owned by institutions by 7.40% to 83,369K shares indicates strengthening investor support.

Such developments suggest positive momentum for Zscaler, potentially leading to an increase in stock prices as the market responds to the earnings forecast and the analyst's positive outlook.

Stocks: ZS