Top Wall Street Forecasters Revamp Zoom Communications Price Expectations Ahead Of Q4 Earnings

Financial Performance - Zoom Communications Inc. is set to release its fourth-quarter financial results on February 24, 2025, with expected earnings of $1.35 per share, a decrease from $1.42 per share in the same period last year [1] - The company projects quarterly revenue of $1.19 billion, an increase from $1.15 billion a year earlier [1] - In the third quarter, Zoom reported revenue of $1.18 billion, surpassing the consensus estimate of $1.16 billion, and adjusted earnings of $1.38 per share, exceeding analyst estimates of $1.31 per share [2] Analyst Ratings - Citigroup analyst Tyler Radke maintained a Neutral rating and reduced the price target from $86 to $85 [4] - Cantor Fitzgerald analyst Thomas Blakey initiated coverage with a Neutral rating and a price target of $87 [4] - Wells Fargo analyst Michael Turrin upgraded the stock from Underweight to Equal-Weight and raised the price target from $70 to $85 [4] - Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and increased the price target from $86 to $96 [4] - Rosenblatt analyst Catharine Trebnick maintained a Buy rating and raised the price target from $78 to $95 [4]