Zoom Communications price target raised to $90 from $75 at UBS

UBS analyst Karl Keirstead raised the firm’s price target on Zoom Communications (ZM) to $90 from $75 and keeps a Neutral rating on the shares. Zoom has conveyed a “focus on growth acceleration,” but it is not clear that the Q3 print will infuse confidence in a material acceleration in fiscal 2026, the analyst tells investors in a research note. The outlook for Q4 revenue growth of 3% and the statement that 3% serves as an initial “placeholder” for FY26 growth likely won’t fuel the bull case for a material growth inflection, even if Zoom is being a bit conservative, UBS argues.