10 AI Stocks on Latest News and Ratings

8. Zoom Communications Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 51

Zoom Video Communications, Inc. (NASDAQ:ZM) is a communications technology company popularly known for its video conferencing application called Zoom. On May 22, analyst Joshua Reilly at Needham adjusted his rating from Hold to “Buy” with a revised price target of $100. According to the firm, Zoom is at a significant turning point due to easing revenue headwinds from Online, peaking dilution from stock-based compensation, and decreased share count with buybacks moving forward. The analyst further noted that Zoom’s pricing power may be returning due to the new embedded AI functionality and that the company is “well positioned for new products driven by AI to begin moving the needle on growth.”