RBC maintains Zoom stock Outperform rating, $95 price target

Published 25/02/2025, 15:56
Updated 25/02/2025, 15:58
RBC maintains Zoom stock Outperform rating, $95 price target

Tuesday, Zoom Video Communications Inc (NASDAQ:ZM) shares declined in after-hours trading following the company’s year-end financial report. RBC Capital Markets reaffirmed their Outperform rating and a $95.00 price target on the stock. According to InvestingPro data, Zoom maintains excellent financial health with a "GREAT" overall score, supported by strong cash flows and solid profitability metrics. The report noted that Zoom had a solid finish to the year, bolstered by accelerating enterprise growth, and signs of stabilization in the online segment.

Zoom’s financial performance in the fourth quarter was highlighted by the increased adoption of its services by enterprise customers, maintaining impressive gross margins of 75.8%. InvestingPro analysis suggests the stock is currently trading below its Fair Value. The guidance for fiscal year 2026 was only roughly in line with expectations, which caused a 3% dip in the company’s stock price after the market closed.

The fiscal year 2026 projections were slightly adjusted downward due to foreign exchange fluctuations and the impact of the leap year. Despite these adjustments, RBC Capital analysts expressed confidence in Zoom’s conservative outlook for the year ahead.

Zoom’s management team is scheduled to meet with investors at the Enterprise Connect conference on March 18, 2025. RBC Capital has invited interested investors to contact their sales representative to arrange meetings with Zoom’s management during the event. This provides an opportunity for investors to engage directly with the company and gain further insights into its strategic direction and operational performance.

In other recent news, Zoom Video Communications Inc. reported a robust performance in its fourth quarter of 2025, with earnings per share (EPS) of $1.41, surpassing the forecasted $1.30. The company’s revenue for the quarter was $1.184 billion, aligning with expectations and marking a 3% year-over-year increase. Despite these positive results, Piper Sandler maintained a Neutral rating on Zoom stock, with a price target of $89.00, due to a slight miss in the company’s sales guidance for the upcoming fiscal year 2026. Piper Sandler noted that Zoom’s revenue growth is being driven by newer products like Customer Experience and Workvivo, alongside benefits from the discontinuation of Amazon (NASDAQ:AMZN) Chime and a partnership with Mitel.

Zoom’s enterprise revenue grew by 6%, now making up 60% of the total revenue, and free cash flow increased by 25% year-over-year to $416 million. The company is focusing on AI advancements and platform expansion, particularly within the enterprise market. Piper Sandler highlighted concerns about Zoom’s decision to stop reporting the Direct customer count metric, suggesting it might signal plateauing customer growth. Despite these challenges, Zoom continues to innovate and expand its product offerings, which include AI-powered solutions that are gaining traction in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.