Needham Maintains a Buy on ​Zoom Communications (ZM), Keeps the PT

Group 1 - Zoom Communications Inc. is recognized as one of the tech stocks with the lowest P/E ratios, maintaining a Buy rating with a price target of $100 [1] - The recent Zoomtopia conference highlighted the integration of agentic workflows and the introduction of AI Companion 3.0, a significant upgrade within Zoom Workplace [1] - The company is strengthening channel relationships both in the US and internationally, which is expected to drive enterprise revenue growth [2] Group 2 - The Zoom business has stabilized, with expectations of mid-single-digit total revenue growth for FY26, surpassing the current guidance of 3.5% [2] - Zoom Communications offers an AI-powered work platform called Zoom Workplace that enhances collaboration and communication [3]