On Nov 26, major Wall Street analysts update their ratings for $Zoom Video Communications (ZM.US)$, with price targets ranging from $70 to $115.
BofA Securities analyst Michael Funk maintains with a hold rating, and adjusts the target price from $75 to $90.
Deutsche Bank analyst Matthew Niknam maintains with a hold rating, and adjusts the target price from $75 to $88.
Wells Fargo analyst Michael Turrin maintains with a sell rating, and maintains the target price at $70.
Evercore analyst Peter Levine upgrades to a buy rating, and adjusts the target price from $70 to $115.
Baird analyst William Power maintains with a buy rating, and adjusts the target price from $77 to $100.
Furthermore, according to the comprehensive report, the opinions of $Zoom Video Communications (ZM.US)$'s main analysts recently are as follows:
Zoom Communications' Q3 report was noted for its absence of major surprises, with efforts to broaden the Zoom platform in order to enhance customer value and stickiness highlighted as a central strategic priority. The goal of these efforts is to drive re-accelerated growth, supported by stability in the Online segment and opportunities for enterprise upsell.
Following Q3 results, which exceeded expectations, and management's indication of a modestly better-than-expected revenue projection for Q4, there's a surrounding discourse on whether the initial conservative guidance for FY26 revenue growth is strategically setting a lower expectation benchmark, potentially as a tactical move for the new CFO.
The latest results from Zoom Video have shown no significant surprises, indicating a continued stabilization within both the Enterprise and Online segments. This stability, alongside authorization of share repurchases in the billions, supports the stock's significant increase from its August lows. However, achieving growth higher than mid-single digits in the near to mid-term appears unlikely.
Zoom Video reported strong FQ3 results, with significant improvements in enterprise and total revenue growth, which have long been seen as potential catalysts.
Q3 displayed signs of growth improvement for Zoom Video, as churn moderated and expansion rates remained stable. However, there are risks following the recent run, since growth rates are still moderate, and margins may compress as the company invests in new areas.
Here are the latest investment ratings and price targets for $Zoom Video Communications (ZM.US)$ from 10 analysts:
Note:
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