Why Zoom Video's Stock Is Trading Higher Today

Zoom Video Communications ZM shares are trading higher on Thursday after Morgan Stanley raised its price target on the stock from $190 to $240.

Zoom Video provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting.

Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.

Zoom Video shares were trading up 5% at $287.18 at the time of publication on Thursday. The stock has a 52-week high of $288.35 and a 52-week low of $60.97.