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Fly News Breaks for December 6, 2019
ZM
Dec 6, 2019 | 08:46 EDT
Baird analyst William Power lowered his price target on Zoom Video to $85 from $100 following Q3 results. The analyst said results were strong but below the prior two quarters causing the shares to trade lower. He said its current valuation is above the broader SaaS group, it is now in-line with the highest growth cohort but has stronger growth and profitability. Power continues to recommend Zoom Video for long-term investors and he maintained his Outperform rating on the shares.
News For ZM From the Last 2 Days
ZM
Apr 24, 2024 | 15:42 EDT
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
