Zoom Video (ZM) Delivers First $1 Billion Quarter, Shares Sink on Conservative Guidance and Small Biz Churn, Analysts Lower PTs
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Zoom Video (ZM) PT Lowered to $380 at Baird; 'Buy on Weakness'
August 31, 2021 7:58 AM EDTBaird analyst William Power lowered the price target on Zoom Video (NASDAQ: ZM) to $380.00 (from $445.00) while maintaining an Outperform rating following results. The analyst is telling clients to "buy on weakness."
The analyst commented, "Yesterday afternoon ZM reported solid FQ2 results though... More
Zoom Video (ZM) PT Lowered to $350 at Mizuho Securities
August 31, 2021 6:21 AM EDTMizuho Securities analyst Siti Panigrahi lowered the price target on Zoom Video (NASDAQ: ZM) to $350.00 (from $400.00) while maintaining a Buy rating.
The analyst commented, "While Zoom surpassed expectations for the quarter, churn rising earlier-than-expected in the... More
Zoom Video (ZM) PT Lowered to $350 at Stifel
August 31, 2021 6:19 AM EDTStifel analyst Tom Roderick lowered the price target on Zoom Video (NASDAQ: ZM) to $350.00 (from $450.00) while maintaining a Hold rating.
The analyst commented, "On Monday after the market close, Zoom announced 2Q22 results that were highlighted by the achievement of multiple milestones,... More
Zoom Video (ZM) PT Lowered to $460 at BTIG
August 31, 2021 5:24 AM EDTBTIG analyst Matthew VanVliet lowered the price target on Zoom Video (NASDAQ: ZM) to $460.00 (from $495.00) while maintaining a Buy rating.... More
Zoom Video (ZM) PT Lowered to $385 at BofA Securities
August 31, 2021 5:23 AM EDTBofA Securities analyst Daniel Bartus lowered the price target on Zoom Video (NASDAQ: ZM) to $385.00 (from $480.00) while maintaining a Buy rating.... More
Zoom Video (ZM) PT Lowered to $398 at KeyBanc
August 31, 2021 4:53 AM EDTKeyBanc analyst Alex Kurtz lowered the price target on Zoom Video (NASDAQ: ZM) to $398.00 (from $428.00) while maintaining a Overweight rating.... More
UPDATE: Zoom (ZM) Tops Q2 EPS by 34c
August 30, 2021 4:07 PM EDT(Updated - August 30, 2021 4:10 PM EDT)
Zoom (NASDAQ: ZM) reported Q2 EPS of $1.36, $0.34 better than the analyst estimate of $1.02. Revenue for the quarter came in at $1.02 million versus the consensus estimate of $990.96 million.
GUIDANCE:
Zoom sees Q3 2022 EPS of... More
