Blurbs

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.

See today’s best-performing stocks on TipRanks >>

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on ZM:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos