Jefferies Starts Zoom Video (ZM) at Hold

Jefferies analyst Samad Samana initiates coverage on Zoom Video (NASDAQ: ZM) with a Hold rating and a price target of $70.00.

The analyst comments "ZM has established itself as one of the go-to collab platforms, but remains in transition. Mgmt expects low growth and mgn compression in FY25, as they position ZM for better future growth. While new products should provide a tailwind, we will wait to see traction given our concerns on competition from MSFT and others. We expect capital mgmt ($7b in cash) and a reasonable valuation (~13x CY25 EPS) to buoy shares. Initiate Hold, $70 PT."

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 $66.23 yesterday.

You May Also Be Interested In

• Securitize Corp (SECZ) PT Raised to $12 at StoneX on 'Innovation Exemption'
• HubSpot Inc (HUBS) PT Raised to $290 at UBS, Stock Expected to Be Execution-Driven Near-Term
• Deutsche Bank Upgrades Wickes Group plc (WIX:LN) to Hold