Form 8-K Zoom Video Communication For: May 20

Zoom Video (ZM) PT Lowered to $71 at Deutsche Bank

Deutsche Bank analyst Matthew Niknam lowered the price target on Zoom Video (NASDAQ: ZM) to $71.00 (from $72.00) while maintaining a Hold rating.

The analyst comments "Net net, we continue to believe F2Q25E will likely mark the bottom for Zoom's revenue growth at +1% yoy, with easing comps in... More

Zoom Video (ZM) PT Raised to $78 at Rosenblatt

Rosenblatt analyst Catharine Trebnick raised the price target on Zoom Video (NASDAQ: ZM) to $78.00 (from $75.00) while maintaining a Buy rating.

The analyst comments "Zoom delivered solid 1Q25 results, exceeding Street expectations on revenue, earnings, and FCF. Total revenue grew 3.2% Y/Y, driven by Enterprise, which generated 58% of total revenue... More

Zoom Video (ZM) PT Lowered to $70 at Goldman Sachs

Goldman Sachs analyst Kash Rangan lowered the price target on Zoom Video (NASDAQ: ZM) to $70.00 (from $73.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating and lower our Price Target to $70 (vs. $73 prior) on the back of Zoom's stable F1Q results that saw Revenue come in +1% above Consensus (including +2% beat on Enterprise vs. GSe),... More

RBC Capital Reiterates Outperform Rating on Zoom Video (ZM)

RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and $95.00 price target on Zoom Video (NASDAQ: ZM)

The analyst comments "Zoom delivered decent results, but guidance was raised by less than Q1 upside and Q2 was set below consensus, leading shares down 1%... More

Zoom Video (ZM) PT Lowered to $60 at Wells Fargo

Wells Fargo analyst Phil Winslow lowered the price target on Zoom Video (NASDAQ: ZM) to $60.00 (from $70.00) while maintaining a Underweight rating.

The analyst comments "ZM delivered a ~1% rev beat, relatively in line w/ recent trends and representing 2% y/y rev growth (adjusted... More

Zoom Video (ZM) stock dips on Q1 results, guidance

(Updated - May 20, 2024 4:27 PM EDT)

Zoom Video Communications, Inc. (NASDAQ: ZM) reported a stronger-than-expected performance for the first quarter, surpassing analyst estimates for both earnings per share (EPS) and revenue.

The video conferencing giant announced an adjusted EPS of $1.35, which was $0.16 higher than the analyst consensus of $1.19. Revenue for the quarter was also ahead of expectations at $1.14 billion compared to the predicted $1.13... More