Barclays Maintains Equal-Weight on Zoom Video Comms, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Macwilliams has maintained an Equal-Weight rating on Zoom Video Communications (ZM) but has reduced the price target from $80 to $70.
November 21, 2023 | 10:57 am
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Barclays analyst Ryan Macwilliams maintains an Equal-Weight rating on Zoom Video Communications and lowers the price target from $80 to $70.
The reduction in the price target by Barclays reflects a more cautious outlook on Zoom's stock, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
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