
Zoom Video (ZM) Stock Forecast & Price Target
Zoom Video (ZM) Analyst Ratings
Bulls say
Zoom Communications is benefiting from a durable enterprise-led growth inflection, with enterprise revenue accelerating to 7.8% and reaching 62% of total revenue, while total revenue grew 4.9% to $1.2772 billion. Its outlook is strengthened by expanding AI monetization across Zoom Workplace, Contact Center, and Zoom Revenue Accelerator, where paid AI features appeared in 9 of the top 10 ZCX deals and Zoom Workplace AI usage rose 125% year over year, signaling deeper customer adoption and a larger cross-sell opportunity. Even with F3Q guidance modestly below consensus, raised FY27 expectations for revenue of $5.085 billion-$5.095 billion, EPS of $6.08-$6.12, and free cash flow of $1.780 billion-$1.820 billion support the view that Zoom can scale AI while preserving strong profitability and cash generation.
Bears say
Zoom Communications is facing a weaker fundamental setup as AI-related usage pushed expenses higher and non-GAAP gross margin slipped to 79.1% in F2Q from 79.9% in F1Q, pressuring profitability even before broader operating leverage is fully realized. Online momentum is also softening, with online revenue growth slowing to 1% from 3% in F1Q and management cutting the full-year online outlook to flat because of weakness at the top of funnel. Against a high valuation and intensifying competition from Cisco WebEx, Microsoft, Google, and others, the stock is vulnerable because execution missteps, outages, security issues, or uneven quarterly results could quickly undermine investor expectations.
This aggregate rating is based on analysts' research of Zoom Video and is not a guaranteed prediction by Public.com or investment advice.
Zoom Video (ZM) Analyst Forecast & Price Prediction
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