In a report issued on July 18, Rishi Jaluria from RBC Capital maintained a Buy rating on Zoom Video Communications (ZM – Research Report), with a price target of $150.00. The company’s shares closed last Wednesday at $107.09, close to its 52-week low of $79.03.
According to TipRanks.com, Jaluria is a 2-star analyst with an average return of 0.6% and a 42.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Duck Creek Technologies, and ZoomInfo Technologies.
Zoom Video Communications has an analyst consensus of Moderate Buy, with a price target consensus of $128.72.
Zoom Video Communications’ market cap is currently $30.46B and has a P/E ratio of 24.76.
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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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