Wells Fargo analyst Phil Winslow raised the firm's price target on Zoom Video to $90 from $70 and keeps an Equal Weight rating on the shares. The analyst notes that the company reported another quarter of "strong" results, highlighted by revenue growth of 78% year-over-year and total remaining performance obligations growth of 94% year-over-year. Customer momentum remained "strong," with Zoom reporting over 81,900 customers with more than 10 employees, a 61.2% increase year-over-year, and 641 customers with more than $100,000 in revenue over the last 12 months, which equates to 86.3% growth year-over-year, he notes. Winslow is "encouraged" to see net dollar expansion rate again over 130%, demonstrating new customer growth and additional purchases from existing customers remain healthy.