KeyBanc Initiates Coverage of Zoom Communications (ZM) With Underweight Rating
From Yahoo Finance.: 2025-06-09 12:18:00
Zoom Communications Inc. (NASDAQ:ZM) is one of the 10 tech stocks on Wall Street’s radar. KeyBanc initiated coverage on June 6 with an Underweight rating and $73 price target. Analysts noted challenges for Zoom’s video conferencing business post-pandemic peak due to in-person work return and Microsoft’s competitive pressure with Teams.
Wells Fargo increased Zoom Communications Inc.’s price target from $75 to $80 on May 22, maintaining an Equal Weight rating. The stock was trading $2 above the analyst’s price target. Zoom (NASDAQ:ZM) offers an AI-driven work platform with video meetings, messaging, cloud phone systems, productivity tools, and more for various industries.
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Read more at Yahoo Finance.: KeyBanc Initiates Coverage of Zoom Communications (ZM) With Underweight Rating