NewsMV
ZM is in focus after Bank of America reinstated Zoom Communications at Buy with a $130 price objective, implying roughly 24% upside from the $104.71 price cited in the firm's research.
Analyst Matt Bullock argues the stock's post-pandemic reset has played out, and that an Anthropic stake BofA values near $3 billion, well above its balance sheet carrying value, is a catalyst investors may have overlooked.
The next confirmable read is net dollar expansion in Zoom's subsequent quarterly filing. The operating numbers Zoom's fiscal first-quarter 2027 results give Bullock's thesis some ground to stand on.
Revenue came in at $1.24 billion, up 5.5% year-over-year, with enterprise revenue growing 7.2%. Constant-currency growth reached 4.6%.
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