Zoom Video Communications Inc ZM shares are trading higher by 1.5% at $332.49 in Wednesday's premarket session after the company reported better-than-expected first-quarter EPS and sales results. The company also issued second-quarter and FY22 EPS and sales guidance above analyst estimates.
- UBS analyst Karl Keirstead maintained Zoom with a Neutral and raised the price target from $325 to $345.
- Deutsche Bank analyst Matthew Nikam maintained Zoom with a Hold and raised the price target from $360 to $375.
- Piper Sandler analyst James Fish maintained Zoom with an Overweight and lowers the price target from $541 to $464.
- Citigroup analyst Walter Pritchard maintained Zoom with a Neutral and raises the price target from $362 to $380.
- BTIG analyst Matt VanVliet maintained Zoom with a Buy and lowered the price target from $550 to $495.
Microsoft Corporation MSFT shares are trading higher by around 0.25% after KGI Securities analyst Freddy Chen initiated coverage with an Outperform rating and announced a price target of $300.
See also: How To Buy Zoom Stock
Canopy Growth Corp CGC WEED shares are trading higher by 1.52% at $24.65 after Canaccord Genuity analyst Matt Bottomley upgraded from Sell to Hold and lowered the price target from CA$32 to CA$30.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.