A firm raised its price target for Zoom Communications to $105 from $90. The firm kept a Neutral rating on the shares. The firm viewed the company’s Q1 report as solid. The target increase was attributed to strong Q1 results. The update reflects an unchanged stance on the stock despite the higher target, based on the reported performance in the quarter.
"BofA analyst Michael Funk raised the firm's price target on Zoom Communications () to $105 from $90 and keeps a Neutral rating on the shares."
"The firm views the company's Q1 report as solid."
"It cites the strong Q1 results for the target boost."
Read at TipRanks Financial
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