Exane BNP Paribas Downgrades Zoom Video Comms to Underperform, Announces $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Stefan Slowinski has downgraded Zoom Video Communications (ZM) from Neutral to Underperform and set a price target of $60.
January 18, 2024 | 11:03 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Zoom Video Communications was downgraded by Exane BNP Paribas from Neutral to Underperform with a new price target of $60.
Downgrades by analysts can lead to a negative perception among investors and potential sell-off. The new price target of $60 suggests a bearish outlook on the stock's value, which could result in downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100