Zoom Communications price target lowered to $88 from $90 at Bernstein

Bernstein lowered the firm’s price target on Zoom Communications (ZM) to $88 from $90 and keeps a Market Perform rating on the shares. Zoom’s Q4 marked a third consecutive 1%-plus beat vs. midpoint guidance, reinforcing a return to operating consistency, the firm notes. Results were supported by continued stabilization in the online business with 2.9% monthly churn and a $15M FY26 lift from last June’s price increase, with another price increase on its annual SKU rolling out starting mid-March.