JMP Securities Raises Zscaler (ZS) Price Target Amid Strong Growth Momentum

Zscaler Inc. (NASDAQ:ZS) is one of the growth stocks that could double in value by 2027. On July 1, JMP Securities reaffirmed its Market Outperform rating on Zscaler and raised its price target to $355 from $310.

The upgrade reflects confidence in Zscaler’s robust financial performance, including 25.5% revenue growth over the past year and gross margins of 77.5%. The company’s stock has surged 74% year-to-date, far outpacing the broader Russell 3000 index.

The revised outlook follows investor meetings held in Los Angeles with senior Zscaler executives, where JMP analyst Trevor Walsh highlighted the company’s strong positioning in the cybersecurity space. The firm sees continued upside potential driven by Zscaler’s expanding product portfolio and growing enterprise demand.

Zscaler Inc. (NASDAQ:ZS) is a global cloud security provider headquartered in San Jose, California. Its platform offers secure access to external and internal applications, digital experience monitoring, and advanced zero-trust solutions for enterprises. Zscaler serves a wide range of industries, including finance, healthcare, retail, and government, with a focus on scalable, cloud-native cybersecurity infrastructure.

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Disclosure: None. This article is originally published at Insider Monkey.