RBC Capital Lifts PT on Zoom Communications (ZM) to $100 From $95, Keeps an Outperform Rating

Zoom Communications Inc. (NASDAQ:ZM) is one of the best high growth low PE stocks to invest in now. RBC Capital lifted the firm’s price target on Zoom Communications Inc. (NASDAQ:ZM) to $100 from $95 on August 22, keeping an Outperform rating on the shares.

Needham Turns Bullish on Zoom (ZM) - The AI Edge That Could Fuel Growth

The firm told investors in a research note that Zoom Communications Inc. (NASDAQ:ZM) delivered strong fiscal Q2 results, exceeding consensus expectations across all metrics and reporting a 4.7% year-over-year revenue growth, which was the company’s highest revenue growth in the past 11 quarters.

It added that Zoom Communications Inc. (NASDAQ:ZM) raised its fiscal year 2026 guidance across the board, with all metrics coming in above consensus.

The firm noted that it was pleased to see Zoom Communications Inc. (NASDAQ:ZM) highlight continued traction with a stable net retention rate, AI products, and accelerating $100K+ customer growth.

Zoom Communications Inc. (NASDAQ:ZM) provides a communications and collaboration platform. Its Zoom for Healthcare offering provides pharma-biotech, physicians, and healthcare providers a secure telehealth platform for collaboration, innovation, and virtual care.

The Zoom Workplace for Healthcare add-on provides healthcare-specific AI capabilities that improve the platform’s experience, such as specialized lexicons through healthcare dictionaries, improved effectiveness with personal coaching, and extended knowledge through access to data sources.

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