UPDATE: Wolfe Research Assumes Zoom Video (ZM) at Outperform

April 22, 2021 4:26 PM EDT
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Price: $282.85 -2.36%

Rating Summary:
    15 Buy, 12 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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(Updated - April 22, 2021 4:45 PM EDT)

Wolfe Research analyst Alex Zukin assumes coverage on Zoom Video (NASDAQ: ZM) with a Outperform rating and a price target of $390.00.

The analyst comments "Quarterly beats, annual raises, and the ability to grow off tough comps through FY22/CY21 and beyond are going to be what is required for Zoom’s stock to work from current levels. We see multiple major product catalysts (Zoom Phone, Rooms and Webinars) as well as meaningful enterprise penetration and international expansion driving our upside to +61% Y/Y growth in FY22 (vs. guidance ~42% Y/Y)."

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 $322.76 yesterday.

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