Earnings and valuation of Zoom Video Communications Inc. (ZM) Stock are impressive

Daiwa Securities raised the price target for the Zoom Video Communications Inc. (NASDAQ:ZM) stock from ‘an Underperform’ to ‘an Outperform’. The rating was released on May 31, 2023, according to finviz. We previously noted in another research note published on May 12, 2023 by Piper Sandler that downgraded the stock from an Overweight to a Neutral with a price target of $96 for ZM stock. The research report from Exane BNP Paribas has initiated the stock to Neutral, with a price target set at $110.