In a report released today, Ryan MacWilliams from Barclays maintained a Hold rating on Zoom Video Communications (ZM – Research Report), with a price target of $70.00. The company’s shares closed yesterday at $63.96.
MacWilliams covers the Technology sector, focusing on stocks such as Atlassian, Liveperson, and Five9. According to TipRanks, MacWilliams has an average return of 15.6% and a 60.67% success rate on recommended stocks.
Zoom Video Communications has an analyst consensus of Hold, with a price target consensus of $78.05, which is a 22.03% upside from current levels. In a report released on May 15, Morgan Stanley also maintained a Hold rating on the stock with a $72.00 price target.
The company has a one-year high of $75.91 and a one-year low of $58.87. Currently, Zoom Video Communications has an average volume of 3.43M.
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Zoom Video Communications (ZM) Company Description:
Founded in 2011, Zoom Video Communications, Inc. is a cloud-based peer-to-peer software platform that connects people through videotelephony and online chat services. Its video-first communications platform is used for teleconferencing, telecommuting, distance education, and social relations.
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