Mizuho Maintains Buy on Zoom Video Comms, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Siti Panigrahi maintains a Buy rating on Zoom Video Communications (ZM) but lowers the price target from $100 to $90.
February 27, 2024 | 3:47 pm
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on Zoom Video Communications but lowers the price target from $100 to $90.
While the reduction in the price target from $100 to $90 could suggest a tempered outlook on Zoom's stock price potential, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the ongoing endorsement of the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100