Analysts Set $60.00 Target Price for Zoom Video Communications Inc (ZM)

Zoom Video Communications Inc (NASDAQ:ZM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $60.00 for the company, according to Zacks. Zacks has also assigned Zoom Video Communications an industry rank of 77 out of 256 based on the ratings given to its competitors.

ZM has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on Zoom Video Communications in a research report on Monday, April 29th. They set an “outperform” rating and a $45.00 price target for the company. Summit Insights started coverage on Zoom Video Communications in a research report on Monday, April 22nd. They issued a “sell” rating for the company. Finally, Rosenblatt Securities started coverage on Zoom Video Communications in a research report on Tuesday, April 30th. They issued a “neutral” rating and a $60.00 price objective for the company.

Shares of NASDAQ:ZM traded down $2.47 during trading on Thursday, hitting $75.21. The stock had a trading volume of 1,335,625 shares, compared to its average volume of 3,506,611. Zoom Video Communications has a 12-month low of $59.94 and a 12-month high of $80.79.

In other Zoom Video Communications news, insider Janine Pelosi sold 81,668 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $36.00, for a total transaction of $2,940,048.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carl M. Eschenbach sold 828,437 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $34.20, for a total value of $28,332,545.40. The disclosure for this sale can be found here. Insiders sold 2,405,918 shares of company stock worth $83,480,215 over the last ninety days.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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