In a report released yesterday, Mark Murphy from J.P. Morgan maintained a Hold rating on Zoom Video Communications (ZM – Research Report), with a price target of $80.00. The company’s shares closed yesterday at $68.17.
Murphy covers the Technology sector, focusing on stocks such as Adobe, Intuit, and Oracle. According to TipRanks, Murphy has an average return of 13.6% and a 63.18% success rate on recommended stocks.
In addition to J.P. Morgan, Zoom Video Communications also received a Hold from KeyBanc’s Thomas Blakey in a report issued yesterday. However, on the same day, Robert W. Baird maintained a Buy rating on Zoom Video Communications (NASDAQ: ZM).
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Based on Zoom Video Communications’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.14 billion and a net profit of $141.21 million. In comparison, last year the company earned a revenue of $1.1 billion and had a net profit of $48.35 million
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Zoom Video Communications (ZM) Company Description:
Founded in 2011, Zoom Video Communications, Inc. is a cloud-based peer-to-peer software platform that connects people through videotelephony and online chat services. Its video-first communications platform is used for teleconferencing, telecommuting, distance education, and social relations.
Read More on ZM:
- Zoom Stock (NASDAQ:ZM): Zoom Out and See the Big Picture
- ZM Earnings: Zoom Video Soars on Q4 Beat, $1.5B Buyback
- Zoom Video Communications, Inc. Class A Reports Earnings: Did it Beat Estimate Forecasts?
- Zoom Video sees FY25 gross margin 79%, reflecting investment in AI features
- Zoom Video jumps 12% to $70.75 after Q4 earnings beat, above-consensus guidance
