Stifel analyst Tom Roderick raised the firm's price target on Zoom Video to $90 from $75 after the company reported "very strong" Q4 results and gave FY21 guidance that "easily exceeded" consensus estimates and still leaves room for potential upside. However, "the Street was certainly pricing in a big beat and guide up" given that Zoom shares had soared 36% in the past month, Roderick tells investors. While the way that the stock opens on Thursday should not "sully the nature of Wednesday's earnings outperformance and strong guidance," Roderick keeps a Hold rating on the shares of Zoom Video, whose valuation "remains in nosebleed territory," he said.

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