RBC Capital raised the firm’s price target on Zoom Communications (ZM) to $100 from $95 and keeps an Outperform rating on the shares. The company delivered solid Q2 results, coming in ahead of consensus across all metrics, and highlighted by 4.7% y/y revenue growth, Zoom’s highest revenue growth in the past 11 quarters, the analyst tells investors in a research note. The management also raised FY26 guidance across the board, with all metrics coming in above consensus, and RBC was pleased to see the company highlight continued traction with AI products, stable net retention rate, and accelerating $100K+ customer growth, the firm added.
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