Zoom Video Communications - ZM Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last twelve months. There are currently 2 sell ratings, 18 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ZM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZM, but not buy additional shares or sell existing shares.
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27 equities research analysts have issued 1-year price targets for Zoom Video Communications' shares. Their ZM share price forecasts range from $72.00 to $182.92. On average, they anticipate the company's share price to reach $103.76 in the next year. This suggests a possible upside of 45.0% from the stock's current price.
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Zoom Video Communications' stock was trading at $67.74 at the beginning of 2023. Since then, ZM stock has increased by 5.7% and is now trading at $71.58.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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Zoom Video Communications, Inc. (NASDAQ:ZM) released its quarterly earnings results on Monday, November, 21st. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.05. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Zoom Video Communications had a net margin of 16.07% and a trailing twelve-month return on equity of 8.86%. The firm's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share.

Zoom Video Communications updated its fourth quarter 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share (EPS) guidance of $0.75-$0.78 for the period, compared to the consensus EPS estimate of $0.80. The company issued revenue guidance of $1.09 billion-$1.10 billion, compared to the consensus revenue estimate of $1.12 billion.

450 employees have rated Zoom Video Communications Chief Executive Officer Eric S. Yuan on Glassdoor.com. Eric S. Yuan has an approval rating of 97% among the company's employees. This puts Eric S. Yuan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Zoom Video Communications investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Block (SQ), Alibaba Group (BABA), Shopify (SHOP), Salesforce (CRM), PayPal (PYPL), Walt Disney (DIS) and DocuSign (DOCU).

(ZM) raised $627 million in an initial public offering (IPO) on Thursday, April 18th 2019. The company issued 20,900,000 shares at $28.00-$32.00 per share. Morgan Stanley, J. P. Morgan, Goldman Sachs and Credit Suisse served as the underwriters for the IPO and BofA Merriil Lynch, RBC Capital Markets, Wells Fargo Securities, JMP Securities, KeyBanc Capital Markets, Piper Jaffray, Stifel and William Blair were co-managers.

Zoom Video Communications trades on the NASDAQ under the ticker symbol "ZM."

Zoom Video Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (3.57%), Baillie Gifford & Co. (2.83%), MUFG Securities EMEA plc (0.00%), Bank Hapoalim BM (0.04%), Transcend Capital Advisors LLC (0.03%) and DNB Asset Management AS (0.01%). Insiders that own company stock include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Daniel Scheinman, Eric S Yuan, Eric S Yuan, Gregory Tomb, Janine Pelosi, Jonathan Chadwick, Kelly Steckelberg, Kimberly Hammonds, Michael D Pruitt, Roy Benhorin, Ryan Azus, Santiago Subotovsky, Shane Crehan, Tamara Louise Linde and Velchamy Sankarlingam.
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Shares of ZM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ZM stock can currently be purchased for approximately $71.58.

Zoom Video Communications (NASDAQ:ZM) has a market capitalization of $21.31 billion and generates $4.10 billion in revenue each year. The company earns $1.38 billion in net income (profit) each year or $2.28 on an earnings per share basis.

The company employs 6,787 workers across the globe.

Zoom Video Communications' mailing address is 55 ALMADEN BOULEVARD 6TH FLOOR, SAN JOSE CA, 95113. The official website for the company is www.zoom.us. The company can be reached via phone at (888) 799-9666 or via email at investors@zoom.us.