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Do Analysts Expect Zoom Video Communications Inc (ZM) Stock to Rise After It Is Lower By -7.60% in a Month?

Tuesday, September 27, 2022 10:36 AM | InvestorsObserver Analysts
Do Analysts Expect Zoom Video Communications Inc (ZM) Stock to Rise After It Is Lower By -7.60% in a Month?

Wall Street is positive on Zoom Video Communications Inc (ZM). On average, analysts give the stock a Buy rating. The average price target is $125.043, which means analysts expect the stock to increase by 67.08% over the next twelve months. That average ranking earns the stock an Analyst Rating of 18, which is better than 18% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating ZM a Buy today. Find out what this means to you and get the rest of the rankings on ZM!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Zoom Video Communications Inc Stock Today?

Zoom Video Communications Inc (ZM) stock is trading at $74.84 as of 10:36 AM on Tuesday, Sep 27, a gain of $1.51, or 2.06% from the previous closing price of $73.33. The stock has traded between $74.19 and $75.99 so far today. Volume today is light. So far 814,502 shares have traded compared to average volume of 5,765,394 shares. Click Here to get the full Stock Report for Zoom Video Communications Inc stock.

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