What Analysts Are Saying About Zoom Video Comms Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Zoom Video Communications (ZM), with recent ratings showing a shift towards a more cautious stance. The average 12-month price target has been adjusted to $75.33, down from $83.00, reflecting a 9.24% decline. The company's financial performance shows strong net margin and ROA, but its ROE and revenue growth compared to peers are areas of concern. Analyst actions include both downgrades and maintenance of previous ratings, indicating varied expectations for the company's future performance.
March 19, 2024 | 12:01 pm
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Zoom Video Communications sees mixed analyst ratings, with a downward revision in the average price target to $75.33. Financial indicators highlight strengths in net margin and ROA, but concerns in ROE and revenue growth.
The mixed analyst ratings and the downward revision in the price target suggest uncertainty about Zoom's future performance. While the company's strong net margin and ROA are positive indicators, the concerns regarding its ROE and revenue growth compared to peers could limit stock appreciation in the short term. The overall neutral score reflects this balance between positive financial health and areas of concern.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100