In a report released today, Richard Valera from Needham maintained a Buy rating on Zoom Video Communications (ZM), with a price target of $140.00. The company’s shares closed last Monday at $122.94.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 4.7% and a 52.6% success rate. Valera covers the Consumer Goods sector, focusing on stocks such as Trimble Navigation, Cadence Design, and Audiocodes.
Zoom Video Communications has an analyst consensus of Hold, with a price target consensus of $113.00, implying a -0.6% downside from current levels. In a report issued on March 30, J.P. Morgan also maintained a Buy rating on the stock with a $150.00 price target.
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The company has a one-year high of $164.95 and a one-year low of $59.94. Currently, Zoom Video Communications has an average volume of 9.35M.
Based on the recent corporate insider activity of 116 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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