Zoom Video Communications Reaches Analyst Target Price
February 04, 2020 at 13:20 PM EST
In recent trading, shares of Zoom Video Communications Inc (ZM) have crossed above the average analyst 12-month target price of $86.45, changing hands for $87.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..