Evercore ISI Group Maintains In-Line Rating for Zoom Video Comms: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Evercore ISI Group maintains its In-Line rating for Zoom Video Comms (NASDAQ:ZM) and lowers its price target from $85.00 to $75.00. Zoom's shares are trading down 7.71% at $65.90 per share.
May 23, 2023 | 5:02 pm
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Evercore ISI Group maintains In-Line rating for Zoom Video Comms (ZM) and lowers price target from $85 to $75. Shares are trading down 7.71% at $65.90.
The lowered price target by Evercore ISI Group may negatively impact Zoom's stock price in the short term. The current share price is down 7.71%, and the new price target of $75 represents a 13.8% increase from the current share price, which may be seen as less attractive to investors.
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