Bernstein Reiterates Market Perform Rating on Zoom Video (ZM)

Bernstein SocGen Group analyst Peter Weed reiterated a Market Perform rating and $89.00 price target on Zoom Video (NASDAQ: ZM).

The analyst commented: "Slow and steady; Zoom’s FQ2’26 earnings delivered its largest beat vs. mid-point in two years, coming in +1.6% (and +1.3% in CC). But with CC Q2 4.4% YoY growth rate and guidance to grow ~3% to exit the year, it remains a story of steady modest growth. If we are looking for positives, the company reported churn rates in the enterprise have declined every quarter for over a year, and in the online (mostly consumer or SoHo customer base) the headwinds have reached stability. When compared to some worries that the company could slowly churn away in the face of competition with “free” offerings (particularly from Microsoft Teams in the enterprise and a long list of offerings in consumer), this could be considered a win."

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 $73.17 yesterday.

You May Also Be Interested In

• Eikon Therapeutics, Inc. (EIKN) Misses Q2 EPS by 163c
• KULR Technology Group (KULR) Misses Q2 EPS by 39c
• Assembly Biosciences (ASMB) Tops Q2 EPS by 53c