Rosenblatt Upgrades Zoom Video Comms to Buy, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Catharine Trebnick upgrades Zoom Video Communications (ZM) from Neutral to Buy and sets a new price target of $75.
April 18, 2024 | 11:43 am
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Zoom Video Communications upgraded by Rosenblatt from Neutral to Buy with a new price target of $75.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive change in the analyst's view of the company's future prospects. The upgrade from Neutral to Buy suggests a strong confidence in Zoom's potential for growth or recovery, making it more attractive to investors. The announcement of a $75 price target further quantifies the analyst's optimism, potentially influencing investor sentiment and stock price.
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IMPORTANCE 90
RELEVANCE 100