Piper Sandler raised the firm’s price target on Zoom Communications (ZM) to $89 from $68 and keeps a Neutral rating on the shares. The firm says Zoom continues to progress on the underlying shifts towards Enterprise/Direct and adjacent products, all while Online churn is showing strength. Piper expects further CCaaS share gains and Workvivo conversions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 raised to $95 from $78 at Rosenblatt
- Zoom Communications price target raised to $88 from $75 at Deutsche Bank
- Zoom Video price target raised to $90 from $70 at Stifel
- Zoom Video price target raised to $100 from $70 at Baird
- Zoom Video price target raised to $89 from $78 at Bernstein