Rosenblatt raised the firm’s price target on Zoom Communications (ZM) to $110 from $100 and keeps a Buy rating on the shares. The firm says the company posted its strongest revenue growth in 11 quarters and raised its fiscal 2026 guidance. Rosenblatt believes Zoom now offers greater growth visibility, continued share repurchases, and expanding opportunities for artificial intelligence monetization.
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:
- Zoom Video Communications: Hold Rating Amid Modest Growth and Competitive Challenges
- Zoom Communications price target lowered to $80 from $85 at Stifel
- 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