KeyBanc starts coverage for Zoom Communications (ZM) with a low weight rating

Zoom Communications Inc. (NASDAQ:ZM) is one of Currently, there are 10 high-tech stocks on Wall Street radar. On June 6, KeyBanc launched Zoom Communications Inc. (NASDAQ:ZM) coverage with a low weight rating, setting a $73 price target in a broader report on select enterprise software companies.

Analysts noted that the company’s core video conferencing business has faced challenges since the peak of the pandemic as direct work has returned. The company also mentioned competitive pressures from Microsoft as it strengthened its team position and improved functionality and user experience. Keybanc said the company’s efforts to grow beyond video collaboration are not so convincing.

Use a laptop to close up your hands to control immersive video conferencing.

Similarly, on May 22, Wells Fargo raised its Zoom Communications Inc. (NASDAQ:ZM) price target from $75 to $80, maintaining an equal weight valuation of its stock. The stock was already roughly $2 above the analyst’s price target for the day.

Zoom (NASDAQ:ZM) offers an AI-driven work platform featuring productivity tools such as video meetings, messaging, cloud phone systems, whiteboards, workflow automation, and modular documents, as well as supporting the integration of virtual events, contact centers and third-party apps across a variety of industries.

Although we acknowledge ZM’s potential as an investment, we believe certain AI stocks offer a greater reverse chance, pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

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Disclosure: None.