These Analysts Boost Their Forecasts On Zoom After Upbeat Q3 Results

Core Insights - Zoom Communications Inc reported better-than-expected financial results for Q3, with revenue of $1.23 billion, surpassing the consensus estimate of $1.21 billion, and adjusted earnings of $1.52 per share, exceeding analyst estimates of $1.44 per share [1][2] Financial Performance - Q3 revenue: $1.23 billion, beating estimates of $1.21 billion [1] - Q3 adjusted earnings: $1.52 per share, beating estimates of $1.44 per share [1] - Q4 revenue guidance: Expected to be between $1.23 billion and $1.235 billion, compared to estimates of $1.228 billion [2] - Q4 adjusted earnings guidance: Anticipated to be between $1.48 and $1.49 per share, versus estimates of $1.45 per share [2] Fiscal Guidance - Fiscal 2026 revenue guidance raised to $4.852 billion to $4.857 billion, up from previous guidance of $4.825 billion to $4.835 billion [3] - Full-year adjusted earnings outlook increased from $5.81 to $5.84 per share to a new range of $5.95 to $5.97 per share, compared to estimates of $5.88 per share [3] Market Reaction - Following the earnings announcement, Zoom shares increased by 13.7% to $89.37 [3] Analyst Ratings - Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and raised the price target from $85 to $92 [6] - JP Morgan analyst Mark Murphy maintained a Neutral rating and raised the price target from $85 to $90 [6]