HSBC Raises its Price Target on Zoom (ZM)

 Zoom Communications, Inc. (NASDAQ:ZM) is one of the 10 Best Debt-Free American Stocks to Invest In.

On June 2, 2026, HSBC raised the firm’s price target on Zoom Communications, Inc. (NASDAQ:ZM) to $133 from $107 previously and maintained a Buy rating on the shares.

On June 1, 2026, Zoom Communications, Inc. (NASDAQ:ZM) announced the launch of ZoomMate, an agentic AI work surface designed to help people move from workplace conversations to execution. The company said ZoomMate builds on its system of action vision announced in March and connects live conversational context to agentic search, workflow execution, custom agents, and AI content creation. On May 26, Citi analyst Tyler Radke raised the firm’s price target on Zoom Communications to $126 from $122 and maintained a Buy rating, saying the company’s Q1 report was strong.

HSBC Raises its Price Target on Zoom (ZM)

On May 21, 2026, Zoom Communications, Inc. (NASDAQ:ZM) reported Q1 EPS of $1.55, compared with consensus of $1.42, and revenue of $1.24B, compared with consensus of $1.22B. The company also reported an online average monthly churn of 3.0% for Q1. CEO Eric Yuan said revenue rose 5.5% year-over-year and exceeded the high end of guidance, while AI Companion paid users grew 184% year-over-year, and My Notes reached 1.5 million licensed users within four months of launch.

Zoom Communications, Inc. (NASDAQ:ZM) provides an AI-first open work platform for human connection across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

While we acknowledge the risk and potential of ZM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ZM and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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