Needham Maintains a Buy on ​Zoom Communications (ZM), Keeps the PT

​Zoom Communications Inc. (NASDAQ:ZM) is one of the Tech Stocks to Buy with the Lowest P/E Ratios. On September 18, Joshua Reilly from Needham maintained a Buy rating on Zoom Communications Inc. (NASDAQ:ZM) with a price target of $100.

​The analyst noted the company’s latest Zoomtopia conference, where it showcased how it is integrating agentic workflows. The company showcased AI Companion 3.0, which is a free upgrade within Zoom Workplace and offers a significant upgrade from its predecessor.

​Moreover, Zoom Communications Inc. (NASDAQ:ZM) is also strengthening channel relationships in the US and internationally. Reiley believes that this is expected to drive enterprise revenue growth. The analyst also notes that the company’s Zoom business has stabilized. They expect the company to deliver mid-single-digit total revenue growth for FY26, higher than the current 3.5% guidance.

​Zoom Communications Inc. (NASDAQ:ZM) offers an AI-powered work platform called Zoom Workplace that enhances collaboration and communication.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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