William Blair analyst Arjun Bhatia has maintained their bullish stance on ZM stock, giving a Buy rating yesterday.
Arjun Bhatia has given his Buy rating due to a combination of factors including Zoom’s strong fourth-quarter performance and strategic advancements. The company exceeded revenue and operating income expectations, driven by improvements in core initiatives and a decrease in churn rates. Additionally, the momentum in the enterprise segment and the traction with emerging products like Contact Center and Workvivo have been significant contributors to this positive outlook.
Despite the first quarter and fiscal year 2026 revenue guidance appearing slightly below consensus estimates, adjustments for foreign currency and leap year effects bring them in line with expectations. The adoption of Zoom’s AI Companion solution has been accelerating, offering added value to customers and contributing to lower churn rates. Furthermore, Zoom’s valuation, trading at a discount compared to its peers, presents an attractive investment opportunity, reinforcing the Buy rating.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $95.00 price target.