Stifel Reiterates Hold on Zoom Video Comms, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Parker Lane has reiterated a Hold rating on Zoom Video Communications (NASDAQ:ZM) and maintained a price target of $70. This reaffirmation of the previous stance suggests that Stifel's view on the company's stock potential has not changed significantly.
November 21, 2023 | 7:05 pm
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Stifel analyst Parker Lane has reiterated a Hold rating on Zoom Video Communications with a maintained price target of $70, indicating no significant change in the company's stock outlook.
The reiteration of a Hold rating and maintenance of the price target by Stifel suggests that the analyst sees no immediate catalysts that would significantly change the stock's valuation in the short term. This could lead to a neutral market reaction as the guidance does not provide new, actionable information for investors.
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