Analyse Zscaler stock

Plausible, but only at the upper edge of a reasonable range.
Quantitative: From the current price 128.77 EUR, the target implies around +30.6%. This is slightly above the required +/-25% range, but is still justifiable for Zscaler because the company is typically valued via high sales multiples and strong structural growth in the cybersecurity sector. The stated P/E ratio of -133.85 is only of limited significance due to negative/volatile GAAP earnings; More relevant are KUV, EV/Sales, free cash flow and margin trend. Zscaler has demonstrated historically high growth rates, strong gross margins, good cash generation and a solid balan...