Zoom lifts annual forecasts on robust demand amid AI push
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May 22, 2024 5:31 AM EDT
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
May 21, 2024 6:44 AM EDT
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
May 21, 2024 6:42 AM EDT
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
May 21, 2024 6:15 AM EDT
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
May 21, 2024 5:19 AM EDT
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
