This cybersecurity stock could be on its way to a fresh record high for the first time since 2021.

Wall Street analysts don't always get things right, but it can pay to listen when they reach a consensus on a particular stock. The Wall Street Journal tracks 49 analysts who cover cybersecurity powerhouse Zscaler ( ZS 2.14% ) , and the majority of them have assigned its stock a buy rating, with none recommending selling.

On Wednesday, Zscaler released a very strong set of quarterly operating results to cap off its fiscal year 2025 (which ended on July 31), and its stock popped by as much as 6% in after-hours trading. The stock is still trading 25% below its 2021 record high, when a frenzy in the tech market drove its valuation to an unsustainable level, but Wall Street thinks the

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