William Blair analyst Arjun Bhatia has maintained their bullish stance on ZM stock, giving a Buy rating on August 19.
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Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Zoom Video Communications’ strong performance and future potential. The company reported impressive second-quarter results, with revenue growth accelerating to 5%, surpassing expectations. This growth was driven by successful execution in key areas such as AI adoption, enterprise momentum, and emerging products like Contact Center and Workvivo.
Zoom’s ability to stabilize churn rates and increase enterprise demand has led to an upward revision of its full-year revenue and free cash flow guidance. The company’s stock is trading at a discount compared to its peers, making it an attractive investment opportunity. The positive signals from key performance indicators, such as increased traction in enterprise and AI usage, further support the Buy rating.
According to TipRanks, Bhatia is a 2-star analyst with an average return of 0.6% and a 43.29% success rate. Bhatia covers the Technology sector, focusing on stocks such as InterDigital, NICE, and Twilio.
In another report released on August 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $84.00 price target.