UPDATE: Zoom Video (ZM) PT Lowered to $157 but Piper Sandler Sees FCF Creating a Buy Level
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Wolfe Downgrades Zoom (ZM) to Peer Perform Following Earnings, Sees Nearly 20% Downside
March 2, 2022 5:10 AM ESTWolfe Research analyst Alex Zukin downgraded Zoom Video (NASDAQ: ZM) to Peer Perform from Outperform and lowered the price target to $100.00 per share from the prior $140.00.
Zukin downgraded Zoom due to limited visibility and conviction in near term top line growth and FCF margin. Long-term, the analyst is confident that Zoom will be able to build a unified communications... More
