BTIG lowered the firm’s price target on Zoom Communications (ZM) to $100 from $105 and keeps a Buy rating on the shares. The company delivered a solid Q4 with Enterprise revenue growth accelerating and guidance supporting the firm’s view that Zoom can accelerate growth to 5% in FY27, the analyst tells investors in a research note.
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Read More on ZM:
- Zoom Communications price target lowered to $88 from $90 at Bernstein
- Zoom Communications price target raised to $74 from $69 at KeyBanc
- Zoom Video Communications: Fairly Valued with Modest Growth and Cash Flow Headwinds Supporting a Neutral Hold Rating
- Zoom: Solid Top-Line Momentum but Profitability Headwinds Justify Neutral Hold Rating
- Zoom Communications CEO says ‘very optimistic’ about AI technology monetization
