15 AI Stocks That are Making Headlines

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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. The firm recently rebranded as an AI-first work platform for human connection, dropping the video title from the name. On November 24, Evercore ISI upgraded the stock to Outperform from In Line with a price target of $115, up from $70. In an investor note, the advisory noted that the company delivered yet another very solid quarter, marked by consistent operational execution and impressive momentum across its newer product offerings. The note added that when considering the company’s monetization opportunities of all the artificial intelligence-driven productivity tools across the platform, there are multiple strategic levers in place to drive growth reacceleration.

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