Zoom Video (ZM) PT Raised to $90 at BofA Securities

BofA Securities analyst Daniel Bartus raised the price target on Zoom Video (NASDAQ: ZM) to $90.00 (from $75.00) while maintaining a Neutral rating.

The analyst comments "We believe revenue acceleration, margin trajectory and competitive strategy are the most important factors for Zoom Communications’(ZM) stock performance. Initial soft guidance for FY26 revenue growth of 2.7% (with 4Q25 as a good proxy) is below the Street at 3.2% and we question if the commentary is simply setting a low bar for new CFO Michelle Chang. Commentary on margin was limited but suggests continued investment in AI and product development, with management reiterating previous long term operating margin guidance of 33-36% (below current levels). Zoom is leading with price, in our opinion, which leaves questions regarding growing into a larger TAM or shrinking existing TAMs. In aggregate these points likely limit upside potential to the stock in the near term, in our view. "

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