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Fly News Breaks for March 5, 2020
ZM
Mar 5, 2020 | 07:17 EDT
Credit Suisse analyst Brad Zelnick raised the firm's price target on Zoom Video to $95 from $80 and keeps a Neutral rating on the shares. The analyst notes that the company's "strong" Q4 results and fiscal year 2021 guidance underscore its ability to enable seamless video communication and remote work as the world grapples with COVID-19. While management noted they have thus far seen limited revenue benefit from the situation with a go-forward increase in costs as usage increases, Zelnick points out that Zoom has been able to capture mindshare, expand the funnel and will likely benefit longer term as organizations appreciate its product leadership and effectiveness in enabling remote collaboration during and post COVID-19.
News For ZM From the Last 2 Days
ZM
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here