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Analysts Offer Insights on Technology Companies: HP (HPQ) and Zoom Video Communications (ZM)

Analysts fell to the sidelines weighing in on HP (HPQResearch Report) and Zoom Video Communications (ZMResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

HP (HPQ)

In a report released today, Shannon Cross from Credit Suisse maintained a Hold rating on HP, with a price target of $31.00. The company’s shares closed last Wednesday at $29.62.

According to TipRanks.com, Cross is a 4-star analyst with an average return of 13.2% and a 67.5% success rate. Cross covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and TD SYNNEX Corporation.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for HP with a $29.00 average price target, which is a -0.4% downside from current levels. In a report issued on November 17, J.P. Morgan also maintained a Hold rating on the stock with a $27.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Zoom Video Communications (ZM)

In a report released today, Ryan MacWilliams from Barclays maintained a Hold rating on Zoom Video Communications, with a price target of $80.00. The company’s shares closed last Wednesday at $76.82, close to its 52-week low of $70.44.

According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 13.2% and a 61.7% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, EverCommerce, and RingCentral.

Currently, the analyst consensus on Zoom Video Communications is a Hold with an average price target of $87.85, implying a 15.4% upside from current levels. In a report issued on November 9, Piper Sandler also maintained a Hold rating on the stock with a $84.00 price target.

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