Zoom Video (ZM) PT Raised to $110 at Benchmark on Product Momentum

Benchmark analyst Matthew Harrigan raised the price target on Zoom Video (NASDAQ: ZM) to $110.00 (from $102.00) while maintaining a Buy rating.

The analyst commented, "We maintain our BUY rating on Zoom and are increasing our price target by eight points to $110 off mild post F2026 estimate increases reflecting product momentum, especially Zoom Phone and gradual agentic AI monetization inroads detailed at yesterday’s Zoomtopia presentations. The de rigueur highlight was taking the wraps off AI Companion 3.0, the latest annual collaboration platform upgrade now from a more passive AI iteration to more proactive contextual assistance. The mantra from CEO Eric Yuan is to provide a unified platform where AI operates as an intelligent layer across the broadest useful gamut of communication and business tools and apps inclusive of third-party integrations. Major attributes include cross-platform note taking and agentic retrieval for not only Zoom but also Google Meet and Microsoft Teams."

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