Needham analyst Richard Valera assigned a Buy rating to Zoom Video Communications (ZM) today and set a price target of $230.00. The company’s shares closed last Tuesday at $208.08, close to its 52-week high of $212.69.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 11.5% and a 63.1% success rate. Valera covers the Technology sector, focusing on stocks such as Trimble Navigation, Altair Engineering, and Vonage Holdings.
Zoom Video Communications has an analyst consensus of Moderate Buy, with a price target consensus of $149.12, a -29.1% downside from current levels. In a report issued on May 27, Robert W. Baird also maintained a Buy rating on the stock with a $180.00 price target.
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The company has a one-year high of $212.69 and a one-year low of $60.97. Currently, Zoom Video Communications has an average volume of 14.27M.
Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.
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