UPDATE: Needham & Company Starts Zoom Video (ZM) at Hold

June 21, 2021 4:09 PM EDT
Get Alerts ZM Hot Sheet
Price: $380.04 -1.55%

Rating Summary:
    16 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - June 21, 2021 4:18 PM EDT)

Needham & Company analyst Ryan Koontz initiates coverage on Zoom Video (NASDAQ: ZM) with a Hold rating.

The analyst commented, "We initiate coverage of ZM with a Hold Rating. While the company issued an impressive F1Q22 report with 191% y/y revenue growth and better than expected GM, we look for continued traction with Phone, particularly in enterprise, evidence of stable churn in small business, further success in the channel and/or more clarity on the monetization timing for Zapps and Zoom Events before gaining more conviction on the stock at its current valuation."

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 $374.24 yesterday.

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