10 Best Growth Stocks to Buy According to Billionaires

6. Zscaler, Inc. (NASDAQ:ZS)

3-Years Sales Growth: 41.24%

Number of Hedge Fund Holders: 52

Number of Billionaires: 11

Value of Billionaire Holdings: $930,319,563

Zscaler, Inc. (NASDAQ:ZS) is an international cloud security company that operates by providing Security-as-a-Service solutions. It operates a SaaS model that enables secure access to applications based on the identity, context, and policies of the company. Its key offerings include Zero Trust Security, Cloud Security Platform, Workload Protection, Internet Access, and more.

On April 9, Bernstein analyst Peter Weed maintained a Buy rating on the stock with a price target of $244. During the fiscal second quarter of 2025, Zscaler, Inc. (NASDAQ:ZS) reported strong financial results driven by its demand for Zero Trust Security Solutions. The company achieved a 24% year-over-year revenue growth to reach $648 million, surpassing analyst expectations. More notably, the annual recurring revenue grew 23% during the same time driven by an increase in the number of customers with $1 million ARR.

Looking ahead, Zscaler, Inc. (NASDAQ:ZS) looks to achieve $3 billion in ARR by the end of fiscal 2025 and also triple its Zero Trust Security count in the next 18 months. It is one of the best growth stocks to buy according to billionaires.