Rosenblatt analyst Ryan Koontz lowered his price target for Zoom Video Communications to $75 from $90 citing the market-wide multiple contraction for high multiple stocks in recent weeks. The analyst, who believes the contraction will likely be is sustained, left Zoom's Zoomtopia customer conference feeling both confident in the company's ability to execute against its plan in the near-term "while harboring consistent long-term concerns." Koontz remains cautious on Zoom's ability to disrupt the unified communications as a service market with Zoom Phone. He keeps a Neutral rating on Zoom Video.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here