Zoom Video Communications, Inc. ZM shares are trading higher after KeyBanc upgraded the stock from Sector Weight to Overweight and announced a $428 price target.
Keybanc analyst Steve Enders notes 'we see the Company benefiting from a future hybrid work state in which video and cloud communications stand as long-term priorities in enterprise IT budgets.'
Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing.
Zoom's stock was trading about 5.3% higher at $388.97 per share on Thursday. The stock has a 52-week high of $588.84 and a 52-week low of $230.
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