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
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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.
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