Wedbush raises Zoom Communications' PT on AI confidence

Zoom Communications

27/01/2026 18:27

** Wedbush raises PT on Zoom Communications ZM.O to $110 from $95, implying 15.2% upside to stock's last close

** Brokerage says it is more confident in ZM's AI strategy and sees scope to boost wallet share among its existing enterprise customers

** "We have started to see stronger spending trends from its AI products, including its AI Companion 3.0 versus its Companion 2.0 and its Zoom Phone which sees solid double-digit growth on an ARR basis, helping drive total ARR 9% y/y," Wedbush says

** Adds ZM is relatively safeguarded competitively, supported by about 185,000 enterprise customers

** 16 of 31 brokerages covering stock recommend rating of "buy" or higher, 13 "hold" and two "sell"; stock has median PT of $100 - data compiled by LSEG

** Stock rose 5.7% in 2025

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))