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Why Zoom Video's Stock Is Trading Higher Today

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Why Zoom Video's Stock Is Trading Higher Today

Zoom Video Communications (NASDAQ: 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.

Latest Ratings for ZM

DateFirmActionFromTo
Oct 2020B of A SecuritiesMaintainsBuy
Oct 2020BTIGReiteratesBuy
Oct 2020Wells FargoMaintainsEqual-Weight

View More Analyst Ratings for ZM
View the Latest Analyst Ratings

 

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Posted-In: why it's movingPrice Target Analyst Ratings

Latest Ratings

StockFirmActionPT
CMGDeutsche BankMaintains1,235.0
GMBarclaysMaintains40.0
FBarclaysMaintains9.0
AAPLPiper SandlerMaintains135.0
ALGNPiper SandlerMaintains500.0
View the Latest Analytics Ratings
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