Citizens JMP Reiterates Hold Rating on Zoom Communications

Zoom Communications Inc. (NASDAQ:ZM) is one of the Best Affordable AI Stocks to Buy. On July 18, Citizens JMP reiterated its Hold rating on Zoom Communications Inc. (NASDAQ:ZM) stock with no price target.

Patrick Walravens from Citizens JMP maintained his rating on ZM, citing mixed data points in its assessment of the company. Amazon announced earlier in February that it is shutting down ‘Chime,’ a competitor to Zoom. This is a positive development for the video conferencing firm, and it will potentially open market opportunities.

Citizens JMP Reiterates Hold Rating on Zoom Communications

Walravens pointed out another positive factor for Zoom that a top 20 bank renewed its contract with the company, indicating continued enterprise-level commitment to the platform. The analyst also mentioned that ZM is fairly valued and remains a promising stock.

Zoom is scheduled to report its Q2 2025 earnings on August 21, with analysts expecting an average earnings per share of $1.38 and revenue of around $1.20 billion.

Zoom Communications Inc. (NASDAQ:ZM) offers an AI-first work platform for human connection. The company provides Zoom Meetings that allow users to access HD video, voice, chat, and content sharing through their devices.

While we acknowledge the potential of ZM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ZM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.