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J.P. Morgan Keeps Their Hold Rating on Zoom Video Communications (ZM)
In a report released today, from J.P. Morgan maintained a Hold rating on Zoom Video Communications, with a price target of $90.00.
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In addition to J.P. Morgan, Zoom Video Communications also received a Hold from Morgan Stanley’s Josh Baer in a report issued on May 22. However, on May 26, Citi maintained a Buy rating on Zoom Video Communications (NASDAQ: ZM).
Based on Zoom Video Communications’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.24 billion and a net profit of $425.68 million. In comparison, last year the company earned a revenue of $1.17 billion and had a net profit of $254.6 million
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