Morgan Stanley raised the firm’s price target on Zoom Communications (ZM) to $85 from $79 and keeps an Equal Weight rating on the shares. The firm’s estimates move higher after the fiscal Q4 report as price increases in the Online business more than offset some macro uncertainty with Enterprise customers, but the analyst adds that the business is not yet seeing reacceleration.
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Read More on ZM:
- Zoom Video Communications: Hold Rating Amid Modest Growth and Macroeconomic Challenges
- Optimistic Buy Rating for Zoom Video Communications Driven by Strong Performance and Growth Prospects
- Zoom Video Communications: Hold Rating Amid Mixed Signals and Enterprise Segment Challenges
- Zoom Communications price target raised to $80 from $75 at Wells Fargo
- Zoom Communications price target raised to $85 from $80 at JPMorgan
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