BofA analyst Michael Funk raised the firm’s price target on Zoom Video (ZM) to $90 from $75 and keeps a Neutral rating on the shares after Q3 results were better than projected and management provided Q4 revenue guidance of $1.178B at the mid-point that was slightly above consensus. Initial “soft” guidance for FY26 revenue growth of 2.7% is below the Street at 3.2%, but the firm questions if the commentary is “simply setting a low bar for new CFO Michelle Chang,” the analyst added.
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Read More on ZM:
- Zoom Video price target raised to $70 from $60 at Wells Fargo
- Zoom Video upgraded to Outperform from In Line at Evercore ISI
- Zoom Video price target raised to $85 from $70 at Jefferies
- Zoom Video Communications, Inc. Class A Reported Earnings. Did it Beat Estimates?
- Zoom Communications Reports Q3 Financial Growth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
