15 AI Stocks on Wall Street’s Radar

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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 27, Barclays analyst Ryan MacWilliams raised the price target on the stock to $85 from $70 and kept an Equal Weight rating on the shares. While investors have more confidence that Zoom has found stabilization within its core business, they wanted a stronger revenue or operating margin beat in Q3, the advisory told investors in a research note.

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