As previously reported, Rosenblatt analyst Catharine Trebnick upgraded Zoom Video to Buy from Neutral with a $75 price target, citing a refocused channel strategy that has yielded partnerships like Avaya as well as “compelling” momentum in Zoom Phone. These factors, as well as a “healthy” balance sheet that supports share repurchase generated by better than 30% free cash flow margins, “collectively signal a favorable outlook for Zoom and make it an attractive opportunity,” the analyst tells investors.
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