Baird Maintains Outperform on Zoom Video Comms, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Baird analyst William Power maintains an Outperform rating on Zoom Video Communications (NASDAQ:ZM) but lowers the price target from $84 to $77.
August 22, 2024 | 11:44 am
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Baird analyst William Power continues to rate Zoom Video Communications as Outperform, indicating confidence in the company's performance. However, the price target is reduced from $84 to $77, suggesting a more cautious outlook on its stock price.
The Outperform rating suggests that the analyst believes Zoom will perform better than the market average. However, the lowered price target indicates a tempered expectation of growth or potential challenges ahead, balancing the positive rating with a cautious price outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100