From Yahoo Finance: 2025-05-24 03:22:00

Piper Sandler raised Zoom Communications Inc.’s price target to $85 with a Neutral rating after normal quarterly results. New products like CX, Phone, ZVA, Workvivo, and AI Companion are popular among existing customers, leading to longer deal durations and positive direct growth impact.

Piper Sandler noted reasons for encouragement in Zoom Communications Inc.’s guidance. Positive signs include price increase for Online Pro, growth in CX, adoption of CX Elite package, faster growth of Workvivo, and performance of Phone product. Analysts believe ZM needs a catalyst for growth trajectory.

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Read more: Piper Sandler Lifts Zoom (ZM) Target, Keeps Neutral Rating