Evercore ISI analyst Peter Levine lowered the firm’s price target on Zoom Video to $72 from $75 and keeps an In Line rating on the shares. While it sounds like Zoom is “much closer to a trough” in terms of churn stabilizing and enterprise NRR “hitting a floor,” unfortunately the path towards a potential top-line reacceleration is “still a few quarters out,” the analyst tells investors following what the firm describes as “solid” fiscal Q3 results.
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