Stifel Maintains Hold on Zoom Video Comms, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Parker Lane maintains a Hold rating on Zoom Video Communications (NASDAQ:ZM) and raises the price target from $65 to $70.
October 10, 2024 | 12:20 pm
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Stifel analyst Parker Lane maintains a Hold rating on Zoom Video Communications and raises the price target from $65 to $70, indicating a slightly positive outlook.
The increase in price target from $65 to $70 suggests a slightly more optimistic view on Zoom's future performance, which could lead to a positive short-term impact on the stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100