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Msg  49097 of 51311  at  8/31/2021 6:51:51 AM  by

Glenntrader


Analyst Comments/PT Reductions for ZM

Zoom Video price target lowered to $350 from $400 at Mizuho
Mizuho analyst Siti Panigrahi lowered the firm's price target on Zoom Video to $350 from $400 and keeps a Buy rating on the shares. While Zoom surpassed expectations for the quarter, churn rising earlier than expected in the over 10-employee segment led to back-half guidance implying quarter-over-quarter deceleration and caused weakness in the shares post the results, Panigrahi tells investors in a research note. The analyst believes the company continues to see momentum in its enterprise growth efforts but expects the stock to be range-bound near-term as investors "reassess Zoom's normalized growth trajectory."
ZM
Zoom Video guidance 'looks conservative', says RBC Capital
RBC Capital analyst Rishi Jaluria keeps his Outperform rating and $450 price target on Zoom Video after the company reported a "solid" quarter but guided Q3 and Q4 flat sequentially, sending the stock down sharply afterhours. Jaluria adds however that the guidance looks "conservative" as he was encouraged by the commentary around Zoom Phone and the company's large customers. The analyst further states that he continues to like the long-term potential of Zoom to become a "broader platform".

Zoom Video price target lowered to $460 from $495 at BTIG
BTIG analyst Matt VanVliet lowered the firm's price target on Zoom Video to $460 from $495 but keeps a Buy rating on the shares. The company's Q2 results topped expectations on revenue, profitability, and free cash flows, but its guidance was just in line with consensus, implying worse than expected second half of the year, the analyst tells investors in a research note. VanVliet adds however that while not "meteoric", at scale, Zoom Video's growth rate is still "quite impressive", even if the slowdown in the consumer and small-business market needs to be "closely watched".

Zoom Video slowdown in customer additions likely to continue, says Citi
Citi analyst Tyler Radke keeps a Neutral rating on Zoom Video Communications with a $380 price target following the company's Q2 results. The slowdown in customer additions in the over 10 cohort is a trend that's likely to continue, Radke tells investors in a research note. Further, churn in the less than 10 cohort was elevated toward the back-half of the quarter, so the impact was not yet seen in Q2 revenue, but it is embedded in the guidance, adds the analyst.

Zoom Video price target lowered to $315 from $345 at UBS
UBS analyst Karl Keirstead lowered the firm's price target on Zoom Video (ZM) to $315 from $345 and keeps a Neutral rating on the shares. The company's Q2 results missed buy-side targets on nearly every metric as post-COVID churn among businesses and paying individuals ramped, the analyst tells investors in a research note. Zoom is running into the Microsoft (MSFT) Teams juggernaut, Keirstead adds, lowering his FY23 revenue growth estimate from 24% to 13%.

Zoom Video price target lowered to $369 from $464 at Piper Sandler
Piper Sandler analyst James Fish lowered the firm's price target on Zoom Video to $369 from $464 and keeps an Overweight rating on the shares. While there was upside in last night's quarter, Zoom shares are down over 10% since it was the lowest upside for Zoom as a public company, Fish tells investors in a research note. While the analyst expects near-term share pressure, he views it as a buying opportunity "for Zoom's secular drivers and enterprise strength."
Good luck


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