B of A Securities Maintains Neutral on Zoom Video Comms, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Zoom Video Communications (NASDAQ:ZM) while lowering its price target from $78 to $75.
August 22, 2024 | 10:59 am
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B of A Securities has maintained a Neutral rating on Zoom Video Communications and lowered its price target from $78 to $75, indicating a slightly less optimistic outlook.
The Neutral rating suggests that the analyst does not expect significant short-term movement in Zoom's stock price. The slight reduction in the price target from $78 to $75 indicates a marginally less optimistic view on the company's valuation, but not enough to change the overall rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100