In a report issued on September 5, Brad Zelnick from Credit Suisse maintained a Hold rating on Zoom Video Communications Inc Class A (ZM), with a price target of $90. The company’s shares closed last Monday at $78.65.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 15.2% and a 72.2% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Ceridian HCM Holding Inc, and Slack Technologies Inc.
Currently, the analyst consensus on Zoom Video Communications Inc Class A is a Hold with an average price target of $94.57, implying a 10.3% upside from current levels. In a report issued on September 6, RBC Capital also initiated coverage with a Hold rating on the stock with a $99 price target.
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The company has a one-year high of $107.34 and a one-year low of $36. Currently, Zoom Video Communications Inc Class A has an average volume of 2.35M.
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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.
