Zoom Video Communications, Inc. (Nasdaq:ZM) Receives Consensus Rating of “Hold” From Brokerages

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Story by Defense World Staff, Defense World

Zoom Video Communications, Inc. (NASDAQ:ZM – Get Free Report) has received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $75.44.

ZM has been the subject of a number of recent analyst reports. Sanford C. Bernstein reduced their target price on Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Tuesday, May 21st. Citigroup raised their price target on Zoom Video Communications from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Stifel Nicolaus dropped their price target on Zoom Video Communications from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, May 21st. Morgan Stanley dropped their price target on Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Finally, Jefferies Financial Group assumed coverage on Zoom Video Communications in a research report on Tuesday, March 19th. They set a “hold” rating and a $70.00 price objective for the company.

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