Jefferies analyst Samad Samana maintained a Buy rating on Zoom Video Communications yesterday and set a price target of $116.00.
According to TipRanks, Samana is a 3-star analyst with an average return of 1.2% and a 46.19% success rate. Samana covers the Technology sector, focusing on stocks such as Shopify, Constellation Software, and Zoom Video Communications.
In addition to Jefferies, Zoom Video Communications also received a Buy from DBS’s Andy Yu CFA in a report issued on August 24. However, yesterday, Wells Fargo maintained a Hold rating on Zoom Video Communications (NASDAQ: ZM).
Based on Zoom Video Communications’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.24 billion and a net profit of $425.68 million. In comparison, last year the company earned a revenue of $1.17 billion and had a net profit of $254.6 million
