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RBC Capital Reaffirms Their Buy Rating on Zoom Video Communications (ZM)

Tipranks - Tipranks - Fri Feb 27, 9:56AM CST

In a report released yesterday, Rishi Jaluria from RBC Capital maintained a Buy rating on Zoom Video Communications, with a price target of $110.00.

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According to TipRanks, Jaluria is an analyst with an average return of -7.1% and a 46.81% success rate. Jaluria covers the Technology sector, focusing on stocks such as Oracle, Guidewire, and Salesforce.

In addition to RBC Capital, Zoom Video Communications also received a Buy from William Blair’s Arjun Bhatia in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Zoom Video Communications (NASDAQ: ZM).

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Based on Zoom Video Communications’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.25 billion and a net profit of $674.08 million. In comparison, last year the company earned a revenue of $1.18 billion and had a net profit of $367.87 million

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