Zoom Communications price target raised to $90 from $80 at Stifel

Stifel raised the firm’s price target on Zoom Communications (ZM) to $90 from $80 and keeps a Hold rating on the shares after Zoom hosted its virtual Zoomtopia customer event and investor session. The firm believes Zoom “continues to tell compelling stories around its AI monetization strategy and ZCX” and believes the investor session “clearly displayed the company’s confidence in realizing those visions,” the analyst tells investors.