BofA raised the firm’s price target on Zoom Communications (ZM) to $84 from $79 and keeps a Neutral rating on the shares. Zoom reported “solid results” and nudged up FY26 constant currency revenue guidance by 0.1%, but the firm notes that the $15M guidance increase was driven by an increase of Online segment revenue expectations from a $1 pricing increase to monthly Pro SKUs in June. This implies a slight guidance reduction for Enterprise, the business segment “we believe investors care most about,” the analyst noted.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZM:
- Zoom Communications price target raised to $85 from $77 at Piper Sandler
- Zoom Communications price target raised to $85 from $79 at Morgan Stanley
- Zoom Video Communications: Hold Rating Amid Modest Growth and Macroeconomic Challenges
- Optimistic Buy Rating for Zoom Video Communications Driven by Strong Performance and Growth Prospects
- Zoom Video Communications: Hold Rating Amid Mixed Signals and Enterprise Segment Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue