Zoom Video Communications shares are trading higher after Deutsche Bank maintained a Hold rating on the stock and raised its price target from $71 to $75.
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications shares rose as Deutsche Bank maintained a Hold rating and increased its price target from $71 to $75.
August 23, 2024 | 3:46 pm
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Deutsche Bank has maintained a Hold rating on Zoom Video Communications and raised its price target from $71 to $75, leading to a rise in Zoom's share price.
The increase in the price target by Deutsche Bank suggests a positive outlook on Zoom's future performance, which is likely to boost investor confidence and lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100