Here's How Analysts View Zoom Ahead Of Its Quarterly Results - Zoom Video Comms (NASDAQ:ZM)

Analysts revised their price targets on Zoom Video Communications Inc ZM ahead of its quarterly results.
UBS analyst Karl Keirstead lowered the price target on Zoom to $130 from $250 (8% upside) and kept a Neutral rating on the shares ahead of its quarterly results.
Despite the 35% year-to-date decline in the stock, the analyst recommends remaining on the sidelines given his concerns about U.S. market saturation, competition from Microsoft Corp MSFT Teams, and price compression.
Citi analyst Tyler Radke lowered the price target on Zoom to $147 from $250 (22% upside) and kept a Neutral rating on the shares.
The analyst sees a "tough set-up" for the shares in the Q4 results.
The analyst says that despite more "level-set expectations" for Q4 fiscal 2022 and the stock's significant underperformance, he remains on the sidelines with a cautious view on slowing growth and downside potential to initial fiscal 2022 guidance.
Recently Baird and Mizuho also cut their price targets on Zoom.
Price Action: ZM shares traded higher by 0.21% at $120.35 on the last check Thursday.