On the fly News and insights, exclusive to thefly.com

ZM

Zoom Video

$369.42 /

+1.81 (+0.49%)

, FIVN

Five9

$197.00 /

+1.16 (+0.59%)

07:17
07/29/21
07/29
07:17
07/29/21
07:17

KeyBanc upgrades Zoom with $428 target on 'future hybrid work state'

KeyBanc analyst Steve Enders upgraded Zoom Video Communications (ZM) to Overweight from Sector Weight with a $428 price target. The analyst sees Zoom benefiting from a "future hybrid work state" in which video and cloud communications stand as long-term priorities in enterprise IT budgets. A recent chief investment officer survey suggests enterprise adoption of video platforms will continue into 2022 as businesses return to office environments with 97% of respondents maintaining or increasing their spend, Enders tells investors in a research note. In addition, the analyst believes the Five9 (FIVN) acquisition should transform Zoom's model and support a "second leg to growth" as the company prepares to navigate a post-pandemic hybrid world.

ZM

Zoom Video

$369.42 /

+1.81 (+0.49%)

FIVN

Five9

$197.00 /

+1.16 (+0.59%)

  • 13

    Jan

ZM Zoom Video
$369.42 /

+1.81 (+0.49%)

07/29/21 KeyBanc
Zoom Video upgraded to Overweight from Sector Weight at KeyBanc
07/28/21 Piper Sandler
Five9 downgraded to Neutral from Overweight at Piper Sandler
07/27/21 Jefferies
Five9 downgraded to Hold from Buy at Jefferies
07/26/21 BofA
Zoom Video named a top pick in Communications Software at BofA
FIVN Five9
$197.00 /

+1.16 (+0.59%)

07/28/21
Fly Intel: Top five analyst downgrades
07/28/21 JPMorgan
Five9 downgraded to Neutral from Overweight at JPMorgan

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.