Needham analyst Joshua Reilly maintained a Buy rating on Zoom Video Communications today and set a price target of $100.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that point to a constructive outlook for Zoom’s business and stock into 2026. He sees the company as capable of maintaining steady, mid-single-digit revenue growth by FY27, underpinned by a strong pace of product development and innovation. He also notes that Zoom is pursuing mergers and acquisitions in a disciplined manner, pairing this with balanced capital return policies, which supports shareholder value. In addition, he views the competitive environment as increasingly favorable because Zoom’s integrated strategy across unified communications and contact center solutions is resonating in the market.
Reilly highlights that prior headwinds related to customer churn in both enterprise and online segments are easing, which improves the durability of Zoom’s revenue base. He believes that operational execution is tightening, with management sharpening its focus on higher-growth areas. In particular, he points to offerings such as Zoom Phone and customer experience (CX) solutions becoming a larger share of total revenue, supported by stronger channel partnerships and go-to-market investments. Taken together, these factors lead him to conclude that Zoom shares remain attractively positioned and justify a Buy recommendation.
According to TipRanks, Reilly is a 2-star analyst with an average return of 0.7% and a 42.41% success rate. Reilly covers the Technology sector, focusing on stocks such as Tyler Technologies, Veritone, and Vertex.
In another report released on January 5, RBC Capital also maintained a Buy rating on the stock with a $110.00 price target.