Wells Fargo Maintains Underweight on Zoom Video Comms, Lowers Price Target to $55
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 $60 to $55.
June 21, 2024 | 12:13 pm
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Wells Fargo analyst Phil Winslow maintains an Underweight rating on Zoom Video Communications and lowers the price target from $60 to $55.
The Underweight rating and lowered price target from $60 to $55 by Wells Fargo suggest a bearish outlook on Zoom Video Communications. This is likely to negatively impact the stock price in the short term as investors may react to the lowered expectations.
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