15 AI News and Ratings Trending on Financial Media

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12. 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 AI-first platform. On November 26, Bernstein raised the price target on the stock to $89 from $78 and kept a Market Perform rating on the shares. The advisory notes Zoom’s Q3 earnings delivered another modest beat and raise, similar to last quarter, at about 1.3% revenue beat vs. midpoint guide, and raised full year by 0.5%. But these rates of beats remain below levels that were common in the couple prior years, even after the huge post COVID stalling of growth, Bernstein adds.

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