RBC Capital Reiterates Outperform Rating on Zoom Video (ZM)

RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and $95.00 price target on Zoom Video (NASDAQ: ZM).

The analyst comments "We attended Zoomtopia, Zoom's annual conference in San Jose, where we listened to keynotes, product demos, and attended the investor session. Our takeaways include: 1) revised LT margin targets were raised, but below FY25 guidance; 2) the trajectory for margins will be dependent on growth, which remains the priority; 3) encouraging AI Companion 2.0 and Tasks announcements; and 4) indirect AI monetization remains in focus."

For an analyst ratings summary and ratings history on Zoom Video click here. For more ratings news on Zoom Video click here.

Shares of Zoom Video closed at $69.97 yesterday.

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