BofA Merrill Lynch analyst Kash Rangan raised his price target on Zoom Video to $99 from $89 following the company's Q1 report, noting that both its revenues and billings beat his estimates. He increased his estimates "across the board" after the strong performance and keeps a Buy rating on Zoom Video shares.
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. TIK TOK BAN... To see the rest of the story go to thefly.com. See Story Here