Citi analyst Tyler Radke lowered the firm’s price target on Zoom Communications to $85 from $86 and keeps a Neutral rating on the shares. The firm says its “enthusiasm is more tempered” into the Q4 reports on the unified communications as a service names driven by deprioritization in its chief investment officer survey, “tepid” partner checks, and slowing web traffic. Citi’s “relative optimism” on Nice (NICE) continues as partners expect a reacceleration in 2025 while it struggles to find reacceleration catalysts for Zoom Communications (ZM).
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