Zoom Video price target raised to $85 from $70 at Jefferies

Jefferies analyst Samad Samana raised the firm’s price target on Zoom Video (ZM) to $85 from $70 and keeps a Hold rating on the shares. The company reported “solid” fiscal Q3 results as online churn reached a new low of 2.7%, the analyst tells investors in a research note. The firm believes Zoom has solid momentum, but says the stock will likely be limited by the initial fiscal 2026 commentary, which implies in-line revenue.