Cybersecurity firm Zscaler (NASDAQ: ZS) has seen its stock fall 55% from its 2021 peak. However, the majority of Wall Street analysts tracked by The Wall Street Journal have assigned it a buy rating, with an average price target of $207.40, suggesting a potential 25% upside over the next 12 months. The company reported record revenue of $3.35 billion in fiscal 2026, a 25% increase year-over-year, driven by the growing adoption of its zero-trust cybersecurity architecture, particularly in AI security.