BTIG assumed coverage of Zoom Communications (ZM) with a Buy rating and $105 price target The firm believes Zoom can accelerate revenue growth to 5% next quarter to $5B in annualized revenue driven by its enterprise revenue growth reaching 7%. Meanwhile, the company’s online business has all-time low average monthly churn of 2.7% and is likely to benefit next year from a potential price increase, the analyst tells investors in a research note.
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