Wolfe and Wedbush Raise Zoom Targets to $115 and $110 on AI Growth
Zoom received two Outperform upgrades, with Wolfe Research raising its price target to $115 and Wedbush to $110, citing strengths in contact center, phone and voice AI features. The company forecast fiscal Q4 revenue of $1.230–1.235 billion, non-GAAP operating income of $477–482 million and noted double-digit ARR growth in AI products.
1. Analyst Upgrades
On February 4, Wolfe Research upgraded Zoom from Peer Perform to Outperform, setting a $115 price target. On January 27, Wedbush raised its target from $95 to $110 while maintaining an Outperform rating.
2. Fiscal Q4 2026 Guidance
Zoom forecast fiscal Q4 revenue between $1.230 billion and $1.235 billion and non-GAAP operating income of $477 million to $482 million.
3. AI-Powered Products and Growth Drivers
Analysts highlighted momentum in Zoom’s contact center and phone segments, driven by emerging voice AI features. The firm reported robust double-digit ARR growth in its AI-enhanced collaboration tools, indicating accelerating enterprise adoption.