Citi analyst Tyler Radke raised the firm’s price target on Zoom Communications (ZM) to $85 from $84 and keeps a Neutral rating on the shares. The firm increased estimates following the company’s quarterly beat and guidance raise.
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:
- Unusually active option classes on open August 25th
- Zoom Video Communications: A Stock on the Rise
- Nvidia reportedly stops H20 AI chip output for China: Morning Buzz
- Video: Nvidia dips as China AI chip production said to be paused
- Morning Movers: Cenovus Energy rises following deal to acquire MEG Energy