Wolfe Research analyst Alex Zukin upgraded Zoom Communications (ZM) to Outperform from Peer Perform with a $115 price target The company growth is positioned to reaccelerate, the analyst tells investors in a research note. The firm sees strength in Zoom’s contract center and phone business as well upside in its “emerging” voice artificial intelligence. Zoom’s valuation prices the company as a low-growth “cash cow,” contends Wolfe. Wolfe is seeing increasing evidence of accelerating growth at Zoom.
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