Zoom lifts revenue forecast on growing demand for AI tools used in hybrid work
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Zoom Video (ZM) PT Raised to $69 at Citi
August 23, 2024 9:49 AM EDTCiti analyst Tyler Radke raised the price target on Zoom Video (NASDAQ: ZM) to $69.00 (from $67.00) while maintaining a Neutral rating.
The analyst comments "ZMs Q2 report featured some positive signals in a choppy SMB/competitive backdrop, with a healthy 1.5pt revenue beat with... More
Zoom Video (ZM) PT Raised to $75 at Deutsche Bank
August 23, 2024 5:42 AM EDTDeutsche Bank analyst Matthew Niknam raised the price target on Zoom Video (NASDAQ: ZM) to $75.00 (from $71.00) while maintaining a Hold rating.
The analyst comments "We are updating our model post Zoom's F2Q25 results, which largely mirrored recent trends with a 1% revenue beat (sales were +2% yoy) and more outsized upside to margins driving double-digit EPS... More
Zoom Video (ZM) PT Raised to $72 at Goldman Sachs
August 22, 2024 4:01 PM EDTGoldman Sachs analyst Kash Rangan raised the price target on Zoom Video (NASDAQ: ZM) to $72.00 (from $70.00) while maintaining a Neutral rating.
The analyst comments "We reiterate our Neutral rating and raise our PT to $72 ($70 prior) following F2Q25 top and bottom-line outperformance, including Revenue +1% vs. Consensus, OPM 39% (+300bps vs.... More
Zoom Video (ZM) PT Lowered to $77 at Baird
August 22, 2024 6:45 AM EDTBaird analyst William Power lowered the price target on Zoom Video (NASDAQ: ZM) to $77.00 (from $84.00) while maintaining a Outperform rating.
The analyst comments "Reiterate Outperform rating. Yesterday ZM reported solid FQ2 results, including modest upside to revenue and profitability. The company also raised full-year... More
Mizuho Reiterates Outperform Rating on Zoom Video (ZM)
August 22, 2024 5:28 AM EDTMizuho analyst Siti Panigrahi reiterated an Outperform rating and $90.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Zoom reported solid FQ2 results, delivering a $15M revenue beat and $149M OCF beat. The company continues to generate best-in-class profitability and cash flow as... More
Evercore ISI Reiterates In Line Rating on Zoom Video (ZM)
August 22, 2024 5:16 AM EDTEvercore ISI analyst Peter Levine reiterated an In Line rating and $70.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Zoom delivered a very solid quarter, marked by strong operational execution, greater margin leverage and FCF generation, and impressive momentum across their newer product offerings (contact center (CCaaS), phone, and Workvivo). While this quarter doesn't alter our current thesis, the overall results and reported metrics are leading us to lean slightly more constructive here. Commentary would lead us to believe we have reached the trough in terms of churn stabilization... More
Citi Reiterates Neutral Rating on Zoom Video (ZM)
August 22, 2024 4:58 AM EDTCiti analyst Tyler Radke reiterated a Neutral rating and $67.00 price target on Zoom Video (NASDAQ: ZM).
The analyst comments "Against relatively low expectations, Zoom delivered a solid beat and slight raise to annual targets. The guide implies a slight 2H reacceleration in... More
