JP Morgan Maintains Neutral on Zoom Video Comms, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has maintained a Neutral rating on Zoom Video Communications (ZM) and reduced the price target from $83 to $80.
February 27, 2024 | 6:27 pm
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JP Morgan has maintained a Neutral rating on Zoom Video Communications and lowered the price target from $83 to $80.
The reduction in the price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Zoom Video Communications. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a slight bearish outlook on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100