New Buy Rating for Zoom Video Communications (ZM), the Technology Giant

In a report released on August 8, Research Report), with a price target of $190.00. The company’s shares closed yesterday at $112.01.

Panigrahi covers the Technology sector, focusing on stocks such as Coupa Software, Workday, and Zoom Video Communications. According to TipRanks, Panigrahi has an average return of -3.4% and a 44.86% success rate on recommended stocks.

Currently, the analyst consensus on Zoom Video Communications is a Moderate Buy with an average price target of $129.05, implying a 15.21% upside from current levels. In a report released on August 4, MKM Partners also initiated coverage with a Buy rating on the stock with a $135.00 price target.

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ZM market cap is currently $31.42B and has a P/E ratio of 25.54.

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Founded in 2011, Zoom Video Communications, Inc. is a cloud-based peer-to-peer software platform that connects people through videotelephony and online chat services. Its video-first communications platform is used for teleconferencing, telecommuting, distance education, and social relations.

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