Wells Fargo Maintains Underweight on Zoom Video Comms, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Phil Winslow maintains an Underweight rating on Zoom Video Communications (NASDAQ:ZM) and lowers the price target from $70 to $60.
May 21, 2024 | 6:47 pm
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Wells Fargo analyst Phil Winslow has maintained an Underweight rating on Zoom Video Communications and lowered the price target from $70 to $60.
The lowered price target and maintained Underweight rating from a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and could lead to a short-term decline in Zoom's stock price.
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