Benchmark raised the firm’s price target on Zoom Video to $85 from $83 and keeps a Buy rating on the shares, citing the company’s revised long-term sustainable margin assessments unveiled at yesterday’s Zoomtopia financial session. “Even more importantly,” CEO Eric Yuan’s keynote and the bevy of new AI-related products within Zoom’s “federated” AI approach conveyed Zoom’s “superior pace of innovation off its AI-first platform and cloud emphasis versus competitors,” the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZM:
- Zoom Video price target raised to $70 from $65 at Stifel
- StockTok: Attorneys general in 14 states file enforcement actions against TikTok
- Zoom Video updates long-term operating profit view to 33%-36% of revenue
- Zoom debuts AI innovations for Zoom Workplace
- Zoom Video CFO Steckelberg sells 8,901 common shares