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Zoom Communications price target raised to $85 from $70 at Barclays

Barclays analyst Ryan MacWilliams raised the firm’s price target on Zoom Communications (ZM) to $85 from $70 and keeps an Equal Weight rating on the shares. While investors have more confidence that Zoom has found stabilization within its core business, they wanted a stronger revenue or operation margin beat in Q3, the analyst tells investors in a research note.

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