Morgan Stanley raised the firm’s price target on Zoom Communications (ZM) to $92 from $85 and keeps an Equal Weight rating on the shares. Zoom’s Q3 beat and FY26 raise show “solid execution” and a stable core, though near-term growth expectations remain low-to-mid single digits as investors wait for FY27 guidance, which the firm sees “limiting a narrative change or a re-rating,” the analyst tells investors.
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