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Fly News Breaks for March 5, 2020
ZM
Mar 5, 2020 | 09:06 EDT
RBC Capital analyst Alex Zukin raised the firm's price target on Zoom Video to $110 from $75 and keeps a Sector Perform rating on the shares. The analyst cites the company's strong Q4 earnings along with above-consensus guidance for Q1 and FY21 and sees continued "meaningful upside" to its numbers, but also notes that the stock's valuation is well ahead of its peers even assuming the rosier scenarios of his models.