BTIG analyst Allan Verkhovski raised the firm’s price target on Zoom Communications (ZM) to $125 from $100 and keeps a Buy rating on the shares. The company delivered a strong quarter, with particularly notable upside in deferred revenue, and the firm believes revenue growth will accelerate this year, supported by platform-wide AI monetization, while GAAP operating margins have the potential to move closer to 30% over the next several years, the analyst tells investors in a research note.
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