Scotiabank analyst Allan Verkhovski raised the firm’s price target on Zoom Communications (ZM) to $85 from $75 and keeps a Sector Perform rating on the shares. The firm believes the company is “well-positioned” to beat across key metrics and provide guidance above consensus expectations, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZM:
- Zoom Communications price target lowered to $84 from $85 at Citi
- Zoom, ServiceNow plan to integrate Zoom CX with ServiceNow CRM, ITSM
- Zoom Video Communications call volume above normal and directionally bullish
- Zoom Communications price target lowered to $90 from $95 at Rosenblatt
- Zoom Communications price target lowered to $65 from $70 at BNP Paribas Exane