Deutsche Bank raised the firm’s price target on Zoom Video to $75 from $71 and keeps a Hold rating on the shares. The company’s Q2 results largely mirrored recent trends with a 1% revenue beat and more outsized upside to margins driving double-digit earnings upside, the analyst tells investors in a research note. The firm says Zoom is hitting an “inflection” in growth but the slope of reacceleration is less clear.
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 Video Communications, Inc. Class A Earnings Report: Is it a Beat?
- Closing Bell Movers: Clearmind jumps after patent approval for binge treatment
- Zoom Video sees Q3 deferred revenue up 5%
- Zoom Video CFO Kelly Steckelberg to resign, will remain through Q3 earnings
- ZM Earnings: Zoom Gains after Big EPS Beat