Jefferies Upgrades Zoom Video (ZM) to Buy

Jefferies analyst Samad Samana upgraded Zoom Video (NASDAQ: ZM) from Hold to Buy with a price target of $100.00 (from $85.00).

The analyst comments: "We are more constructive into 2025 given: 1) AI monetization could drive a rev growth acceleration; 2) ZM is embedding itself in more enterprise workflows beyond comms; 3) expectations for FY26 are reasonable; and 4) the ability for capital mgmt to bolster returns. We believe any one of these items could drive a re-rating. At an EV/FCF of 11x FY27 multiple, ZM trades below the Comms avg (13x) and IGV (31x). Upgrade to Buy, raise PT to $100 (14x EV/2027 FCF)."

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 $82.05 yesterday.

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