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Where Does Wall Street Think Zoom Video Communications Inc (ZM) Stock Will Go?

Thursday, August 18, 2022 10:22 AM | InvestorsObserver Analysts
Where Does Wall Street Think Zoom Video Communications Inc (ZM) Stock Will Go?

Wall Street is positive on Zoom Video Communications Inc (ZM). On average, analysts give the stock a Buy rating. The average price target is $158.5, which means analysts expect the stock to gain by 53.82% over the next twelve months. That average ranking earns the stock an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.6
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 $103.04 as of 10:20 AM on Thursday, Aug 18, a gain of $0.66, or 0.64% from the previous closing price of $102.38. The stock has traded between $100.64 and $103.22 so far today. Volume today is low. So far 468,241 shares have traded compared to average volume of 3,790,378 shares. Click Here to get the full Stock Report for Zoom Video Communications Inc stock.

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