Piper Sandler: 'Amazon Chimes In With a Win for Zoom Video (ZM)'

Piper Sandler analyst James Fish reiterated a Neutral rating and $89.00 price target on Zoom Video (NASDAQ: ZM).

The analyst commented: "Amazon Chimes In With a Win for Zoom; Shares are slightly lower following a relatively inline FQ4 and minor sales guide miss for FQ1 & FY26. Zoom is seeing growth come from newer products like CX & Workvivo, and should see benefits on Phone from the Amazon Chime EOL and newer partnership with Mitel. Mgmt. is pulling the Direct customer count metric, which we suspect many will see as a 'red-flag' that customer penetration is peaking, and is further evidence (along with duration adj. RPO growth) of our thesis that growth is primarily coming from duration extension and cross-sell moving forward that is offsetting core reductions. The core business remains pressured though, and we prefer other names in the space as we remain Neutra."

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 $81.10 yesterday.

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