Zoom Video Communications (ZM): New Buy Recommendation for This Technology Giant
In a report released today, from Wedbush maintained a Buy rating on Zoom Video Communications, with a price target of $110.00.
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In addition to Wedbush, Zoom Video Communications also received a Buy from BTIG’s Allan Verkhovski in a report issued today. However, on the same day, Bernstein maintained a Hold rating on Zoom Video Communications (NASDAQ: ZM).
Based on Zoom Video Communications’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.23 billion and a net profit of $612.87 million. In comparison, last year the company earned a revenue of $1.18 billion and had a net profit of $207.05 million
Read More on ZM:
Disclaimer & DisclosureReport an Issue
- Morning Movers: Celsius surges following fourth quarter report
- Zoom Communications price target lowered to $100 from $105 at BTIG
- Zoom Communications price target lowered to $88 from $90 at Bernstein
- Zoom Communications price target raised to $74 from $69 at KeyBanc
- Zoom Video Communications: Fairly Valued with Modest Growth and Cash Flow Headwinds Supporting a Neutral Hold Rating
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