Wells Fargo Maintains Underweight on Zoom Video Comms, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Phil Winslow maintains an Underweight rating on Zoom Video Communications (NASDAQ:ZM) but raises the price target from $55 to $60.
August 22, 2024 | 3:08 pm
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Wells Fargo maintains an Underweight rating on Zoom Video Communications but raises the price target from $55 to $60.
The Underweight rating suggests a cautious outlook on Zoom's stock, but the raised price target indicates some positive expectations. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100