In a report released today, Joshua Reilly from Needham maintained a Buy rating on Zoom Video Communications, with a price target of $100.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight Zoom Video Communications’ strategic advancements and growth potential. The recent Zoomtopia conference emphasized the integration of agentic workflows into Zoom’s platform, showcasing the company’s commitment to enhancing user experience through innovative solutions like the AI Companion 3.0. This product, offered for free within Zoom Workplace, represents a significant upgrade from its predecessor, indicating Zoom’s focus on adding value to its services.
Additionally, Zoom’s efforts to strengthen channel relationships both domestically and internationally are expected to drive enterprise revenue growth. The stabilization observed in Zoom’s online business suggests a promising trajectory towards achieving mid-single-digit total revenue growth, surpassing the current guidance of 3.5% for FY26. These strategic initiatives and positive financial outlook underpin Reilly’s confidence in Zoom’s potential, justifying the Buy rating.