BTIG Cuts Zoom Price Target to $100 as Q4 Revenue Climbs 5.3%
BTIG cut Zoom’s price target to $100 from $105 but kept a Buy rating, citing accelerating enterprise revenue growth and guidance aiming for ~5% overall growth in FY27. In Q4 FY26, Zoom posted $1.25B in revenue (+5.3% YoY), generated $1.9B in free cash flow (+6.4%), and repurchased $324M of shares.
1. Price Target Revision
BTIG lowered Zoom’s price target to $100 from $105 while maintaining a Buy rating. The firm cited accelerating enterprise revenue growth and issued guidance supporting reacceleration of overall growth toward approximately 5% in FY27.
2. Q4 Financial Performance
Zoom reported Q4 FY26 revenue of $1.25 billion, up 5.3% year-over-year (4.8% in constant currency), exceeding the high end of guidance by $12 million. Full-year FY26 revenue rose 4.4%, marking a 130 basis point acceleration from FY25, and free cash flow increased 6.4% to $1.9 billion.
3. Share Repurchases and Outlook
Under a $3.7 billion share repurchase authorization, Zoom bought back 3.8 million shares for $324 million in Q4 and 36.3 million shares for $2.7 billion year-to-date. Management remains committed to offsetting dilution, bolstering the company’s risk-reward profile.