Berenberg analyst Joshua Tilton started Zscaler with a Hold rating and $78 price target, stating that the company's "disruptive" product provides a true cloud alternative to a number of legacy security vendors, but he sees the valuation as having crossed the line for a "reasonable" or "justifiable" multiple.

Zscaler announced innovations - ZDX Copilot, Hosted Monitoring, and Data Explorer - to its Zscaler Digital Experience service. The new ZDX Copilot, an AI assistant, instantly analyzes and harnesses knowledge from over 500 trillion data points daily across users, devices, networks, and applications, to provide IT operations, service desk, and security teams insights they need related to digital experience and performance. Teams can ask sequences of questions to effectively converse with Copilot, which uses Generative AI, to review high-level trends and progressively narrow results down to specific actionable insights.