Zoom gains after BofA reinstates coverage with 'buy' rating
19/08/2026 16:37
BUZZ-Zoom gains after BofA reinstates coverage with 'buy' rating ** Shares of Zoom CommunicationsZM.O gain 3.2% to $108.12
** BofA Global Research reinstates coverage with "buy" rating, says ZM's newer product portfolio is reaching sufficient scale to support net dollar expansion rate above 100%
** Adds Microsoft Teams "remains a strong competitor", but expects the "risk to moderate as enterprises settle on a coexistence model"
** 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
(Reporting by Sudeshna Ghoshal in Bengaluru)