Deutsche Bank Maintains Hold on Zoom Video Comms, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Matthew Niknam maintains a Hold rating on Zoom Video Communications (NASDAQ:ZM) and raises the price target from $71 to $75.

August 23, 2024 | 10:40 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Deutsche Bank has maintained its Hold rating on Zoom Video Communications and increased the price target from $71 to $75, indicating a slightly more positive outlook.
The increase in the price target from $71 to $75 suggests a slightly more optimistic view on Zoom's future performance, which could positively influence investor sentiment and lead to a short-term price increase. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100