In a report released on April 26, Michael Turrin from Wells Fargo maintained a Sell rating on Zoom Video Communications (ZM – Research Report), with a price target of $70.00. The company’s shares closed last Friday at $62.00.
Turrin covers the Technology sector, focusing on stocks such as HubSpot, Microsoft, and Adobe. According to TipRanks, Turrin has an average return of -3.9% and a 46.94% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Zoom Video Communications with a $78.05 average price target.
The company has a one-year high of $75.91 and a one-year low of $58.87. Currently, Zoom Video Communications has an average volume of 3.54M.
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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.
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