In this article:

Zoom Video Communications (ZM) Gets a Buy Rating from RBC Capital

In this article:
In this article:

RBC Capital analyst Rishi Jaluria maintained a Buy rating on Zoom Video Communications (ZMResearch Report) on January 7 and set a price target of $300.00. The company’s shares closed last Friday at $171.60.

According to, Jaluria is a 4-star analyst with an average return of 12.9% and a 55.4% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Duck Creek Technologies, and ZoomInfo Technologies.

Currently, the analyst consensus on Zoom Video Communications is a Moderate Buy with an average price target of $295.71, a 68.0% upside from current levels. In a report issued on December 30, Citic Securities also initiated coverage with a Buy rating on the stock with a $260.00 price target.

See the top stocks recommended by analysts >>

Based on Zoom Video Communications’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.05 billion and net profit of $340 million. In comparison, last year the company earned revenue of $777 million and had a net profit of $199 million.

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