14 AI News That Broke The Internet This Week

Page 2 of 14

13. Zoom Video Communications, Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 39

Zoom Video Communications, Inc. (NASDAQ:ZM) provides a unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Following third-quarter earnings results, the firm announced it is rebranding as an AI-first platform. On November 26, Stifel raised the price target on the stock to $90 from $70 and kept a Hold rating on the shares. Results presented no significant surprises, but rather a continuation of stabilization trends in both Enterprise and Online, Stifel told investors in a post-earnings note. Stability in both cohorts and share repurchase authorizations in the billions justify the stock’s greater than 60% move from its August lows, but greater than mid-single digit growth seems unlikely near-to-mid-term, the advisory added.

Page 2 of 14