These Analysts Revise Their Forecasts On Zoom Video After Q2 Results
Portfolio Pulse from Avi Kapoor
Zoom Video Communications, Inc. (NASDAQ:ZM) reported better-than-expected Q2 results, with earnings and revenue surpassing analyst estimates. The company also provided optimistic guidance for Q3 and fiscal year 2025. Following the earnings announcement, analysts revised their price targets for Zoom, with mixed ratings.
August 22, 2024 | 3:37 pm
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Zoom Video Communications reported strong Q2 results, beating earnings and revenue estimates. The company provided positive guidance for Q3 and fiscal year 2025. Analysts revised their price targets, with B of A Securities lowering to $75, Baird cutting to $77, and Wells Fargo raising to $60.
Zoom's better-than-expected Q2 results and positive future guidance are likely to boost investor confidence, leading to a short-term positive impact on the stock price. The mixed analyst price target revisions reflect varying levels of optimism but generally indicate a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100