Piper Sandler analyst James Fish raised the firm's price target on Zoom Video to $110 from $70 and keeps a Neutral rating on the shares. Zoom continues to report "best-in-class" growth rates coupled with material free cash flow margins "that put it in a class of its own, in a very large market," Fish tells investors in a post-earnings research note. While the stock is down slightly post results, it has had a 70% run year-to-date given the potential impact of coronavirus driving more users towards the Zoom platform, the analyst says. He believes Zoom "has a tremendous opportunity in front of it" but keeps a Neutral rating on the shares due to valuation.
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