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Barclays Maintains Zoom Communications(ZM.US) With Hold Rating, Raises Target Price to $85

Futu News ·  Nov 29, 2024 08:32  · Ratings

Barclays analyst Ryan MacWilliams maintains $Zoom Communications (ZM.US)$ with a hold rating, and adjusts the target price from $70 to $85.

According to TipRanks data, the analyst has a success rate of 64.0% and a total average return of 17.5% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Zoom Communications (ZM.US)$'s main analysts recently are as follows:

  • Investors have gained more confidence that Zoom has found stabilization within its core business, although there was a desire for a more significant revenue or operation margin beat in Q3.

  • Zoom Communications has emphasized speeding up their growth. However, it remains uncertain if upcoming financial releases will boost confidence in significant growth for fiscal year 2026. A projected revenue growth of 3% for the fourth quarter, referred to initially as a "placeholder" for FY26 growth, might not strengthen the argument for a notable boost in growth, despite the company's conservative stance.

  • The Q3 report for Zoom Communications reportedly presented no major surprises, focusing on enhancing the platform to increase customer value and retention as its core strategic priority. The goal is geared towards re-accelerating growth given the stability of the Online segment and potential for Enterprise upsell.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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