Stifel lowered the firm’s price target on Zoom Communications (ZM) to $80 from $85 and keeps a Hold rating on the shares. While noting that Zoom delivered its “best top-line performance in 11 quarters,” the firm also points out that management noted that macro conditions remain dynamic.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZM:
- Hold Rating for Zoom Video Communications Amid Mixed Signals and Uncertainties
- Zoom Communications price target lowered to $69 from $73 at KeyBanc
- Optimistic Outlook for Zoom Video Communications: Buy Rating Justified by Strong Q2 Performance and Future Growth Potential
- Zoom Video Communications: Strong Performance and Future Potential Drive Buy Rating
- Zoom Video Communications Reports Strong Q2 Earnings