10 AI News That Broke the Internet

8. Zoom Communications Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 39

Zoom Communications Inc. (NASDAQ:ZM) supports industries worldwide with advanced, AI-driven communication capabilities.

Jefferies upgraded Zoom Communications (NASDAQ:ZM) to Buy from Neutral, raising the price target to $100 from $85. The firm expects Zoom’s focus on monetizing artificial intelligence to boost revenue growth in 2025. Additionally, the company is expanding its presence in enterprise workflows beyond traditional communications, with fiscal 2026 projections considered “reasonable”. Jefferies suggests that any of these factors could lead to a reassessment of the stock’s value. The analyst noted that Zoom trades at a lower EV/FCF multiple (11x for FY27) compared to the communications average (13x) and the IGV index (31x). The new price target is based on a 14x EV/2027 FCF valuation.