Wells Fargo & Company Issues Positive Forecast for Zoom Communications (NASDAQ:ZM) Stock Price

Zoom Communications (NASDAQ:ZM) had its price objective upped by research analysts at Wells Fargo & Company from $90.00 to $105.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 2.04% from the stock’s previous close.

Several other brokerages also recently issued reports on ZM. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Argus upgraded shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Cantor Fitzgerald increased their price target on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird boosted their price objective on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, February 5th. Fourteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.95.

Zoom Communications Price Performance

Shares of ZM traded up $10.44 during mid-day trading on Friday, reaching $107.19. The company had a trading volume of 5,822,423 shares, compared to its average volume of 4,412,194. Zoom Communications has a twelve month low of $69.15 and a twelve month high of $113.73. The company’s 50-day moving average is $88.14 and its 200-day moving average is $86.59. The company has a market capitalization of $31.58 billion, a P/E ratio of 17.30, a P/E/G ratio of 5.69 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.14. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, equities analysts expect that Zoom Communications will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 7,645 shares of Zoom Communications stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of Zoom Communications stock in a transaction on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. This trade represents a 86.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 144,329 shares of company stock worth $12,364,989. 11.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zoom Communications

Several hedge funds have recently added to or reduced their stakes in the stock. Advocate Investing Services LLC bought a new stake in shares of Zoom Communications in the 4th quarter valued at about $26,000. Strive Financial Group LLC bought a new position in Zoom Communications during the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new position in Zoom Communications during the fourth quarter valued at approximately $28,000. Rexford Capital Inc. increased its stake in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Zoom Communications in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Key Headlines Impacting Zoom Communications

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Rosenblatt raised its price target to $130 and reiterated a buy rating, citing upside from strong execution and AI-driven growth.
• Positive Sentiment: Needham lifted its target to $130 and kept a buy rating following the earnings beat.
• Positive Sentiment: BTIG increased its target to $125 and maintained a buy rating.
• Positive Sentiment: Mizuho raised its target to $120 and kept an outperform rating.
• Positive Sentiment: Benchmark also raised its target, reflecting broader analyst optimism after the quarter.
• Positive Sentiment: KeyCorp upgraded Zoom from underweight to sector weight, indicating a more constructive view on the stock.
• Neutral Sentiment: Piper Sandler raised its target but kept a neutral rating, suggesting some upside is already priced in.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.