Markets.News
Zoom Communications Inc's stock saw a rise after reporting strong fiscal second-quarter earnings. Analysts had mixed reviews - Rosenblatt Securities' Trebnick reiterated a Buy rating, with a raised price target of $110, while KeyBanc's Ader reaffirmed an Underweight rating, slashing the price target to $69. RBC Capital's Jaluria kept an Outperform rating, increasing the price target to $100, and Wedbush's Ives also maintained an Outperform rating with a target of $95. Reilly from Needham maintained a Buy rating and $100 target. Zoom's revenue showed strong growth, up 4.7% to $1.22 billion, with pro forma earnings at $1.53 per share. Trebnick praised the company's accelerating enterprise demand, AI adoption, and Contact Center momentum. Zoom's Virtual Agent 2.0 product secured significant deals, leading to raised fiscal 2026 guidance for revenue, earnings, and free cash flow, showing top-line stability and profitability.