Piper Sandler Maintains Neutral on Zoom Video Comms, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst James Fish has maintained a Neutral rating on Zoom Video Communications (ZM) and reduced the price target from $76 to $69.

November 21, 2023 | 6:41 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Zoom Video Communications and lowered the price target from $76 to $69.
The reduction in price target by Piper Sandler could lead to a negative sentiment among investors, potentially causing a short-term decline in ZM's stock price. The Neutral rating suggests no significant change in the company's outlook, but the lower price target indicates a revision of expected performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100