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Fly News Breaks for September 6, 2019
ZM
Sep 6, 2019 | 07:02 EDT
RBC Capital analyst Alex Zukin assumed coverage of Zoom Video with a Sector Perform rating and a raised price target of $99 from $86 prior. The analyst believes that the company can more than triple its revenue from FY19 to FY22 while still generating profits, calling it a "disruptor" in its market where it stands to gain share thanks to its "architectural superiority, intuitive user experience, intense customer focus, and flexible pricing."
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