Stifel analyst J. Parker Lane lowered the firm’s price target on Zoom Video to $75 from $85 and keeps a Hold rating on the shares after the company disclosed that President Greg Tomb has been terminated from his role effective March 3 without cause. Considering Tomb only joined the company in early June 2022 the news is "surprising," said Stifel, which believes it will take some time to gain visibility on the succession plan and potential changes to the go-to-market under a new sales leader.
Published first on TheFly
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