Zoom Video price target raised to $90 from $70 at Stifel

Stifel raised the firm’s price target on Zoom Video (ZM) to $90 from $70 and keeps a Hold rating on the shares. Results presented “no significant surprises,” but rather a continuation of stabilization trends in both Enterprise and Online, the analyst tells investors in a post-earnings note. Stability in both cohorts and share repurchase authorizations in the billions justify the stock’s greater than 60% move from its August lows, but greater than mid-single digit growth seems unlikely near-to-mid-term, the analyst added.