Zoom gains after BofA reinstates coverage with 'buy' rating
ZM•Brokerage views and year-to-date performance
- 17 of 31 brokerages rate the stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $120 - data compiled by LSEG.
- Including session's moves, the stock is up 25.3% YTD.
Microsoft Teams competition seen as moderating
BofA adds that Microsoft Teams "remains a strong competitor", but expects the "risk to moderate as enterprises settle on a coexistence model".
Zoom shares rise after BofA coverage reinstatement
Shares of Zoom Communications ZM.O gain 3.2% to $108.12 after BofA Global Research reinstates coverage with a "buy" rating.
BofA says ZM's newer product portfolio is reaching sufficient scale to support net dollar expansion rate above 100%.
