Morgan Stanley Expects a "Strong Print" from Zoom Video (ZM)

Morgan Stanley analyst Meta Marshall reiterated an Equalweight rating and $390.00 price target on Zoom Video (NASDAQ: ZM) noting that the company appears to be "set up for a strong FQ4 print" as work from home persists and the Zoom Phone gains traction.

The analyst stated "The biggest debate heading into earnings has been around full year FY22 expectations (Jan FYE) vs. FQ4 / FQ1 print guide, with most believing that Street numbers for FY22 are not going up, particularly if the company guides and wants to have room for beats. We tend to think that if they company guides to the full year, it is going to be more positive than expectations (w/ buyside expectations zeroing in at actual ~25-30% for the year, guide expected to be lower), setting up a positive catalyst if the company throws out a bogey north of 25%. 2H deceleration still a concern, but near term setup more positive."

For an analyst ratings summary and ratings history on Zoom Video click here. For more ratings news on Zoom Video click here.

Shares of Zoom Video closed at $362.88 yesterday.

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