Zoom Video Communications, Inc. (NASDAQ:ZM), Cisco Programs, Inc. (NASDAQ:CSCO) – Learn What Makes Citic Securities Bullish On Zoom
- Citic Securities analyst Junyun Chen initiated protection on Zoom Video Communications Inc (NASDAQ: ZM) with a Purchase and a $260 value goal. The worth goal implies a 43{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} upside.
- Zoom’s inventory value has fallen by two-thirds from its final October peak. The autumn primarily displays market considerations about declining income progress after the pandemic, the lack of small and medium-sized enterprise prospects, and competitors from Microsoft Corp (NASDAQ: MSFT) Groups.
- Nevertheless, present market considerations “are clearly extreme,” and the inventory is “oversold.” Chen believes the worldwide video conferencing market “maintains a excessive diploma of prosperity.”
- Zoom maintains a “stable main place” regardless of competitors from Groups and Cisco Programs Inc (NASDAQ: CSCO).
- Zoom offers a communications platform that connects folks via video, voice, chat, and content material sharing. The corporate’s cloud-native platform allows face-to-face video and connects customers throughout numerous gadgets and areas in a single assembly.
- Worth Motion: ZM shares closed decrease by 1.07{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} at $181.81 on Wednesday.
Newest Scores for ZM
| Date | Agency | Motion | From | To |
|---|---|---|---|---|
| Dec 2021 | Goldman Sachs | Initiates Protection On | Impartial | |
| Dec 2021 | Wells Fargo | Maintains | Equal-Weight | |
| Nov 2021 | Daiwa Capital | Upgrades | Promote | Underperform |
View Extra Analyst Scores for ZM
View the Newest Analyst Scores
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