15 Trending AI Stocks on Latest Ratings and News

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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. On November 27, Mizuho raised the price target on the stock to $105 from $90 and kept an Outperform rating on the shares. Zoom reported strong fiscal Q3 results and continues to generate best-in-class profitability and cash flow as management executes towards an eventual revenue reacceleration, the advisory told investors in a research note. Longer-term, the advisory expects Zoom to leverage its large installed base to cross-sell Zoom Contact Center and begin monetizing its artificial intelligence functionalities with free-to-paid conversions.

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