Zoom Communications price target raised to $88 from $75 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Zoom Communications (ZM) to $88 from $75 and keeps a Neutral rating on the shares. The company’s Q3 report “included little in the way of surprises,” with the broadening the Zoom platform to enhance customer value and stickiness remaining a key strategic priority, the analyst tells investors in a research note. The firm believes the goal is to drive re-accelerated growth amid Online segment stability and Enterprise upsell.