Zoom raises annual revenue and profit forecasts, expands share repurchase
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Zoom Video (ZM) PT Raised to $95 at Wedbush, 'Platform Approach Resonating Well'
November 26, 2024 7:48 AM ESTWedbush analyst Daniel Ives raised the price target on Zoom Video (NASDAQ: ZM) to $95.00 (from $85.00) while maintaining a Outperform rating.
The analyst comments "Raised FY25 Guidance Across the Board; Platform Approach Resonating Well. The company raised its FY25 guidance across the board reflecting continued strength across its... More
Morgan Stanley Reiterates Equalweight Rating on Zoom Video (ZM)
November 26, 2024 6:35 AM ESTMorgan Stanley analyst Meta Marshall reiterated an Equalweight rating and $86.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Confidence remains high, but not building yet into estimates. Our EW rating on ZM has been a result of uncertainty in growth algorithm and how much company can... More
Zoom Video (ZM) PT Raised to $90 at BofA Securities
November 26, 2024 6:32 AM ESTBofA 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... More
Zoom Video (ZM) PT Raised to $86 at Goldman Sachs
November 26, 2024 5:51 AM ESTGoldman Sachs analyst Kash Rangan raised the price target on Zoom Video (NASDAQ: ZM) to $86.00 (from $72.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral raising and raise our PT to $86 ($72 prior) after Zoom reported solid F3Q results that saw Revenue +1% vs. Consensus, OpM +90bps, FCFM +800bps, and Billings +350bps. The stock is -5% AH following a lower uptick to F4Q guidance than... More
Citi on Neutral rated Zoom Video (ZM): 'we’d expect a largely muted share price reaction'
November 26, 2024 5:05 AM ESTCiti analyst Tyler Radke reiterated a Neutral rating and $69.00 price target on Zoom Video (NASDAQ: ZM)
The analyst comments "Zooms Q3 results checked all the boxes with modest upside to guidance/consensus numbers and top-line growth slightly reaccelerating back to 4% YoY.... More
Evercore ISI Upgrades Zoom Video (ZM) to Outperform
November 26, 2024 5:00 AM ESTEvercore ISI analyst Peter Levine upgraded Zoom Video (NASDAQ: ZM) from In Line to Outperform with a price target of $115.00 (from $70.00).
The analyst comments "Zoom delivered yet another very solid quarter, marked by consistent operational execution, and impressive momentum across their newer product offerings. Over the past few quarters, we have grown increasingly optimistic. The latest results show that the online segment has reached the trough in terms of churn stabilization, while NRR for the ent segment appears to have bottomed out. Based on commentary that downsells are dissipating as we sense the... More
