Robert W. Baird analyst William Power has maintained their bullish stance on ZM stock, giving a Buy rating on September 18.
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William Power has given his Buy rating due to a combination of factors that highlight Zoom Video Communications’ strategic advancements and growth potential. The company’s recent announcements at the Zoomtopia conference, particularly the AI Companion 3.0, showcase Zoom’s commitment to integrating advanced AI capabilities across its platform. This innovation is expected to enhance user experience and drive positive ROI, especially among small and medium-sized businesses that are more agile in adopting AI technologies.
Moreover, Zoom’s strategic partnerships and its differentiated offerings in the Contact Center as a Service (CCaaS) space, exemplified by its collaboration with SharkNinja, underscore its competitive edge. The company’s robust growth in its Phone business and the potential for accelerating revenue growth, supported by stabilizing video trends and AI monetization strategies, further reinforce the positive outlook. These factors, combined with Zoom’s attractive valuation, make it a compelling long-term investment opportunity.
In another report released on September 18, Rosenblatt Securities also reiterated a Buy rating on the stock with a $110.00 price target.