Jefferies analyst Samad Samana has maintained their bullish stance on ZM stock, giving a Buy rating today.
Samad Samana has given his Buy rating due to a combination of factors including Zoom’s solid financial performance and strategic positioning. The company posted better-than-expected results in the fourth quarter, with total revenues surpassing consensus estimates by approximately 1%, driven primarily by strong performance in the Enterprise segment.
Despite some headwinds from foreign exchange impacts, the revenue growth outlook for fiscal year 2026 is seen as a solid starting point, with management leaving room for potential upside. Additionally, Zoom’s focus on AI and its potential monetization, along with its strategic partnerships and growth in enterprise customers, further support the positive outlook. These factors collectively suggest that Zoom is well-positioned for continued growth, justifying the Buy rating.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $97.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com