Rosenblatt analyst Catharine Trebnick raised the firm’s price target on Zoom Communications (ZM) to $130 from $115 and keeps a Buy rating on the shares following what the firm calls “a clean FQ1 beat and raise.” The stock traded up in the after-market as investors focused on enterprise re-acceleration, accelerating AI Companion monetization, and ZCX’s “emergence as a second growth engine,” the analyst noted.
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