Zoom Video Communications shares are trading higher after Piper Sandler maintained a Neutral rating on the stock and raised its price target from $69 to $72.
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications' stock (ZM) is trading higher following Piper Sandler's decision to maintain a Neutral rating while increasing the price target from $69 to $72.
January 12, 2024 | 7:36 pm
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Piper Sandler maintained a Neutral rating on Zoom Video Communications but raised the price target from $69 to $72, which has led to an increase in the stock's trading price.
The increase in Zoom's price target by Piper Sandler suggests a positive outlook on the company's value, likely leading to increased investor confidence and a short-term rise in stock price. The Neutral rating indicates that the firm does not see significant over or undervaluation at the new target price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100