These Analysts Slash Their Forecasts On Zoom Video After Q2 Results
Portfolio Pulse from Lisa Levin
Zoom Video Communications reported better-than-expected Q2 earnings and issued a strong earnings outlook for the year. However, several analysts including Bernstein, Wells Fargo, and Baird have cut their price targets on Zoom Video following the earnings announcement. Zoom's shares gained 1.3% in pre-market trading.
August 22, 2023 | 11:50 am
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Zoom Video reported strong Q2 earnings and positive outlook, but analysts cut their price targets. Shares gained 1.3% in pre-market trading.
Despite reporting better-than-expected Q2 earnings and a strong outlook, Zoom Video saw several analysts cut their price targets. This mixed reaction could lead to uncertainty in the market, potentially keeping the stock price relatively stable in the short term.
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