ZM Has Its Price Target Reduced To $450

ZM
ZM

The stocks of ZM have their price target reduced by stock analysts to $450 in a Friday research report. According to the report, the brokerage has put up a rating of outperform on the stock. Also, the price target set by the brokerage indicates an annual increase of 24.85% on the current price of the company.

The Stock Commentary of ZM

There have been quite a few research equities that have commented on the stocks of ZM. Rosenblatt Securities has already increased the price target of the company from $350 to $400 with a rating of neutral in a 2nd March research report. DA Davidson has also reiterated their rating of buy in a 5th May research report.

UBS Group has decided to increase the price target of the company from $325 to $345 with a rating of neutral in a 2nd January research report. Argus has decided to increase the rating of the company from hold to buy with a price target of $440 in a Thursday research report. JPMorgan Chase & Co also decided to increase the price target of the company from $385 to $456 with a rating of neutral in a 2nd June research report. 

Three of the analysts covering the firm have already given it a rating of sell, while twelve others have prescribed it with a rating of hold. Close to thirteen others have issued the company with a rating of buy. Currently, ZM has a hold rating with a $425.07 price target. 

The stocks of ZM traded on Friday at $13.92. The year low of the company is $216.75, with the year high set at $588.84. The market cap of the firm is $105.86 billion, with a 156.15 PE ratio, along with a 10.01 PEG ratio, and a -1.49 beta. The moving average price of the company over a period of 50 days has been set at $321.51.