Jefferies upgraded Zoom Communications (ZM) to Buy from Neutral with a price target of $100, up from $85. The firm is “more constructive” into 2025 saying Zoom’s artificial intelligence monetization could drive a revenue growth acceleration. The company is embedding itself in more enterprise workflows beyond communications and expectations for fiscal 2026 are reasonable, the analyst tells investors in a research note. Jefferies believes any one of these items could drive a re-rating of the shares.
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:
- StockTok: Supreme Court to take up TikTok case following CEO meeting with Trump
- Zoom Communications price target raised to $96 from $86 at Morgan Stanley
- StockTok: Meta to invest $10B in both Louisiana data center and subsea cable
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Zoom (ZM) Offers to Settle Four-Year SEC Privacy Probe