Oppenheimer upgrades Zoom to Outperform and sets $130 price target
Oppenheimer raised Zoom Video Communications to an Outperform rating from Perform after attending the Zoomtopia conference. The broker set a $130 price target, noting strong traction for Zoom’s AI‑driven communications platform and new services. Shares jumped about 4% in pre‑market trading. Oppenheimer also highlighted long‑term revenue growth targets of 6%‑8% by fiscal 2030, up from the current 4%, and expects roughly a 40% operating margin and an 80% gross margin.
Why it matters
The upgrade and $130 target imply roughly 33% upside from the current price, which could attract buying pressure (Oppenheimer’s note says). The higher revenue growth outlook and margin expectations suggest improved profitability for investors.
Key facts
- 1Oppenheimer upgraded Zoom to Outperform from Perform. investing.com
- 2Oppenheimer set a price target of $130 for Zoom. investing.com
- 3Zoom shares rose more than 4% in pre‑market trading after the upgrade. finance.yahoo.com
- 4Oppenheimer cited strong uptake of Zoom’s AI platform and new services as the reason for the rating change. investing.com
- 5Zoom’s long‑term revenue growth target is 6%‑8% by fiscal 2030, up from a current 4% growth rate. finance.yahoo.com
- 6Oppenheimer expects Zoom to sustain roughly a 40% operating margin and an 80% gross margin. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.