Shares of Zoom Communications Inc (NASDAQ:ZM) rallied Friday after the company reported upbeat fiscal second-quarter earnings.
Here are some key analyst takeaways.
- Rosenblatt Securities analyst Catharine Trebnick reiterated a Buy rating, while raising the price target from $100 to $110.
- KeyBanc Capital Markets analyst Jackson Ader reaffirmed an Underweight rating, while reducing the price target from $73 to $69.
- RBC Capital Markets analyst Rishi Jaluria maintained an Outperform rating , while raising the price target from $95 to $100.
- Wedbush analyst Daniel Ives reiterated an Outperform rating and price target of $95.
- Needham analyst Joshua Reilly maintained a Buy rating and price target of $100.
Check out other analyst stock ratings.
Rosenblatt Securities: Zoom delivered the strongest revenue growth in 11 quarters. Its sales are up 4.7% year-on-year to $1.22 billion and pro forma earnings are $1.53 per share. Accelerating enterprise demand, rapid AI adoption, and continued Contact Center momentum drove the upbeat results, Trebnick said in a note.
Management raised their fiscal 2026 guidance for revenue, earnings, and free cash flow. This highlights both “top-line stability and industry-leading profitability,” the analyst stated. The company’s Virtual Agent 2.0 product “has already secured significant deals …