Modern historians of ancient Iran generally regard the Alexander burning story with considerable skepticism as a literal historical report. The idea of a single complete written Avesta existing as early as the Achaemenid period sits uneasily with other evidence suggesting that Avestan religious material was transmitted primarily orally for many centuries, quite possibly including through the Achaemenid period itself, with writing down the full corpus not undertaken in earnest until the Sasanian period, many centuries after Alexander. If no single complete written text existed to burn in 330 BCE, the destruction described in later sources cannot be literally accurate as told.
Scholars generally read the story instead as a later Sasanian era explanation, developed to account for real textual and institutional losses that in fact accumulated more gradually, through centuries of political instability, foreign rule under the Seleucid and Parthian successor states, and the ordinary difficulties of maintaining oral and written religious transmission across a very long span of time, rather than through one dramatic act of destruction at a single identifiable moment.
Whether or not the specific burning occurred as described, the deeper claim behind the story, that Alexander's conquest marked a real rupture in Zoroastrian religious continuity, is not seriously disputed, since the political and institutional foundations that had supported Achaemenid era Zoroastrian practice were genuinely dismantled by the conquest and were not restored in comparable form until the rise of the Sasanian empire roughly five centuries later.