
Zoom Video (ZM) Stock Forecast & Price Target
Zoom Video (ZM) Analyst Ratings
Bulls say
Zoom Video Communications demonstrated a solid performance with a total enterprise customer count of approximately 185.1k, reflecting growth from the previous period, while the number of customers contributing over $100k in trailing twelve months (TTM) revenue increased to 4,363, marking a 9% year-over-year rise. The company achieved a year-over-year revenue increase of 4.4%, accompanied by a 6% rise in current remaining performance obligations (cRPO) bookings, totaling $2.411 billion, underscoring strong demand in its enterprise segment and an impressive retention rate of 98%. Additionally, the firm expanded its common stock repurchase authorization by $1 billion, demonstrating confidence in its cash flow and a commitment to enhancing shareholder returns.
Bears say
Zoom Video Communications faces significant headwinds that may negatively affect its revenue growth due to macroeconomic volatility and increased customer scrutiny on IT investments. The company is also dealing with execution risks associated with staffing changes and go-to-market strategies, potentially impacting investor sentiment and growth prospects. Additionally, while the monthly average churn rate of 2.7% remains stable, increasing competition in the unified communications space and a reliance on flat online subscriber metrics raise concerns about future performance.
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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