Zoom Video Communications (ZM) Stock Forecast, Price Target & Predictions
ZM Stock Forecast
Zoom Video Communications stock forecast is as follows: an average price target of $111.77 (represents a 65.36% upside from ZM’s last price of $67.59) and a rating consensus of 'Hold', based on 28 wall street analysts offering a 1-year stock forecast.
ZM Price Target
The average price target for Zoom Video Communications (ZM) is $111.77 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $295.00 to $55.00. This represents a potential 65.36% upside from ZM's last price of $67.59.
ZM Analyst Ratings
According to 28 Wall Street analysts, Zoom Video Communications's rating consensus is 'Hold'. The analyst rating breakdown for ZM stock is 0 'Strong Buy' (0.00%), 13 'Buy' (46.43%), 15 'Hold' (53.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Zoom Video Communications Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | Tyler Radke | Citigroup | $69.00 | $69.97 | -1.38% | 2.09% |
| Aug 22, 2024 | William Power | Robert W. Baird | $77.00 | $60.23 | 27.84% | 13.92% |
| Aug 22, 2024 | Michael Funk | Bank of America Securities | $75.00 | $60.23 | 24.52% | 10.96% |
| Jun 21, 2024 | Michael Turrin | Wells Fargo | $55.00 | $58.31 | -5.68% | -18.63% |
| Jun 14, 2024 | Meta Marshall | Morgan Stanley | $68.00 | $57.94 | 17.36% | 0.61% |
| May 22, 2024 | Matthew Niknam | Deutsche Bank | $71.00 | $63.86 | 11.18% | 5.05% |
| May 21, 2024 | Michael Funk | Loop Capital Markets | $78.00 | $63.50 | 22.83% | 15.40% |
| May 21, 2024 | James Fish | Piper Sandler | $72.00 | $64.76 | 11.18% | 6.52% |
| May 21, 2024 | Parker Lane | Stifel Nicolaus | $65.00 | $64.09 | 1.41% | -3.83% |
| May 21, 2024 | William Power | Robert W. Baird | $84.00 | $64.09 | 31.07% | 24.28% |
The latest Zoom Video Communications stock forecast, released on Aug 23, 2024 by Tyler Radke from Citigroup, set a price target of $69.00, which represents a -1.38% decrease from the stock price at the time of the forecast ($69.97), and a 2.09% increase from ZM last price ($67.59).
Zoom Video Communications Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 4 | 19 |
| Avg Price Target | $73.67 | $69.00 | $70.58 |
| Last Closing Price | $67.59 | $67.59 | $67.59 |
| Upside/Downside | 9.00% | 2.09% | 4.42% |
In the current month, the average price target of Zoom Video Communications stock is $73.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 9.00% increase as opposed to Zoom Video Communications's last price of $67.59. This month's average price target is up 6.77% compared to last quarter, and up 4.38% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 23, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 23, 2024 | Wells Fargo | Buy | Buy | Hold |
| Aug 23, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Aug 22, 2024 | Wells Fargo | Underweight | Underweight | Hold |
| Jun 21, 2024 | Wells Fargo | Outperform | Outperform | Hold |
| Jun 21, 2024 | UBS | Neutral | Neutral | Hold |
| Jun 21, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 21, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jun 21, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jun 21, 2024 | Bernstein | Outperform | Outperform | Hold |
Zoom Video Communications's last stock rating was published by Citigroup on Aug 23, 2024. The company gave ZM a "Neutral" rating, the same as its previous rate.
Zoom Video Communications Financial Forecast
Zoom Video Communications Revenue Forecast
| Jan 28 | Oct 27 | Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.14B | $1.14B | - | $1.12B | $1.10B | $1.10B | $1.07B | $1.07B | $1.05B | $1.02B | $956.24M | $882.49M | $777.20M |
| Avg Forecast | $1.27B | $1.25B | $1.24B | $1.22B | $1.24B | $1.23B | $1.22B | $1.20B | $1.21B | $1.20B | $1.19B | $1.18B | $1.17B | $1.16B | $1.15B | $1.13B | $1.13B | $1.12B | $1.11B | $1.08B | $1.10B | $1.09B | $1.12B | $1.07B | $1.05B | $1.02B | $991.21M | $907.97M | $811.68M | $693.43M |
| High Forecast | $1.28B | $1.27B | $1.26B | $1.24B | $1.25B | $1.24B | $1.24B | $1.22B | $1.22B | $1.21B | $1.21B | $1.19B | $1.18B | $1.17B | $1.16B | $1.14B | $1.14B | $1.15B | $1.13B | $1.10B | $1.11B | $1.11B | $1.14B | $1.09B | $1.07B | $1.03B | $1.00B | $920.13M | $822.55M | $702.71M |
| Low Forecast | $1.26B | $1.25B | $1.24B | $1.22B | $1.23B | $1.22B | $1.22B | $1.20B | $1.21B | $1.20B | $1.19B | $1.17B | $1.17B | $1.16B | $1.15B | $1.12B | $1.13B | $1.11B | $1.11B | $1.08B | $1.10B | $1.09B | $1.11B | $1.06B | $1.05B | $1.01B | $983.96M | $901.33M | $805.74M | $688.36M |
| # Analysts | 15 | 9 | 12 | 9 | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 9 | 14 | 26 | 13 | 13 | 24 | 23 | 12 | 21 | 12 | 13 | 20 | 13 | 18 | 18 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | - | 1.02% | 1.01% | 0.99% | 1.00% | 1.02% | 1.03% | 1.03% | 1.05% | 1.09% | 1.12% |
Zoom Video Communications's average Quarter revenue forecast for Jan 24 based on 14 analysts is $1.13B, with a low forecast of $1.13B, and a high forecast of $1.14B. ZM's average Quarter revenue forecast represents a -0.67% decrease compared to the company's last Quarter revenue of $1.14B (Oct 23).
Zoom Video Communications EBITDA Forecast
| Jan 28 | Oct 27 | Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 12 | 9 | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 9 | 14 | 26 | 13 | 13 | 24 | 23 | 12 | 21 | 12 | 13 | 20 | 13 | 18 | 18 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $169.39M | $177.62M | - | $-145.93M | $95.17M | $177.33M | $238.75M | $151.45M | $425.86M | $338.71M | $239.59M | $274.11M | $201.61M |
| Avg Forecast | $193.92M | $191.29M | $190.28M | $187.22M | $189.06M | $187.48M | $186.92M | $184.12M | $185.01M | $183.30M | $182.65M | $179.90M | $179.12M | $178.02M | $175.77M | $145.57M | $172.77M | $171.28M | $170.53M | $132.34M | $168.31M | $299.88M | $170.72M | $164.22M | $418.05M | $272.62M | $159.73M | $137.40M | $140.60M | $157.89M |
| High Forecast | $196.45M | $193.78M | $192.77M | $189.66M | $191.53M | $189.93M | $189.36M | $186.52M | $187.42M | $185.70M | $185.04M | $182.24M | $180.65M | $179.55M | $178.06M | $174.69M | $175.02M | $175.31M | $172.76M | $158.81M | $170.51M | $359.86M | $174.70M | $167.48M | $501.66M | $327.14M | $191.68M | $164.88M | $168.71M | $189.46M |
| Low Forecast | $193.48M | $190.85M | $189.85M | $186.79M | $188.63M | $187.05M | $186.50M | $183.70M | $184.59M | $182.89M | $182.24M | $179.49M | $178.72M | $177.62M | $175.37M | $116.46M | $172.38M | $170.50M | $170.14M | $105.87M | $167.93M | $239.90M | $170.31M | $162.70M | $334.44M | $218.09M | $127.78M | $109.92M | $112.48M | $126.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | - | -0.87% | 0.32% | 1.04% | 1.45% | 0.36% | 1.56% | 2.12% | 1.74% | 1.95% | 1.28% |
14 analysts predict ZM's average Quarter EBITDA for Jan 24 to be $172.77M, with a high of $175.02M and a low of $172.38M. This is 2.00% upper than Zoom Video Communications's previous annual EBITDA (Oct 23) of $169.39M.
Zoom Video Communications Net Income Forecast
| Jan 28 | Oct 27 | Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 12 | 9 | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 9 | 14 | 26 | 13 | 13 | 24 | 23 | 12 | 21 | 12 | 13 | 20 | 13 | 18 | 18 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $141.21M | $181.97M | - | $-104.05M | $48.35M | $45.75M | $113.66M | $490.64M | $340.38M | $317.08M | $227.53M | $260.61M | $198.64M |
| Avg Forecast | - | - | - | - | $424.29M | $421.40M | $423.13M | $415.50M | $411.00M | $406.71M | $413.76M | $406.51M | $401.91M | $410.09M | $381.43M | $471.61M | $359.88M | $343.35M | $332.43M | $428.74M | $255.42M | $280.74M | $299.65M | $274.74M | $334.14M | $255.21M | $151.69M | $130.63M | $138.53M | $149.32M |
| High Forecast | - | - | - | - | $431.49M | $428.55M | $430.31M | $422.55M | $417.97M | $413.61M | $420.78M | $413.40M | $420.90M | $432.17M | $387.91M | $565.93M | $365.98M | $383.74M | $338.07M | $514.49M | $259.75M | $336.88M | $308.74M | $281.83M | $400.96M | $306.26M | $182.02M | $156.76M | $166.23M | $179.18M |
| Low Forecast | - | - | - | - | $423.03M | $420.16M | $421.88M | $414.27M | $409.78M | $405.50M | $412.54M | $405.31M | $392.41M | $388.01M | $380.31M | $377.29M | $358.81M | $299.59M | $331.44M | $342.99M | $254.67M | $224.59M | $298.73M | $271.43M | $267.31M | $204.17M | $121.35M | $104.51M | $110.82M | $119.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | 0.55% | - | -0.41% | 0.17% | 0.15% | 0.41% | 1.47% | 1.33% | 2.09% | 1.74% | 1.88% | 1.33% |
Zoom Video Communications's average Quarter net income forecast for Jan 24 is $359.88M, with a range of $358.81M to $365.98M. ZM's average Quarter net income forecast represents a 154.85% increase compared to the company's last Quarter net income of $141.21M (Oct 23).
Zoom Video Communications SG&A Forecast
| Jan 28 | Oct 27 | Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 12 | 9 | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 9 | 14 | 26 | 13 | 13 | 24 | 23 | 12 | 21 | 12 | 13 | 20 | 13 | 18 | 18 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $499.52M | $502.70M | - | $692.08M | $568.78M | $531.54M | $480.62M | $445.21M | $390.43M | $383.32M | $399.76M | $306.71M | $283.64M |
| Avg Forecast | $620.09M | $611.69M | $608.47M | $598.68M | $604.56M | $599.50M | $597.72M | $588.77M | $591.60M | $586.15M | $584.08M | $575.26M | $572.79M | $569.26M | $562.05M | $427.95M | $552.47M | $547.70M | $545.31M | $389.04M | $538.21M | $339.38M | $545.91M | $525.14M | $383.27M | $308.53M | $266.50M | $153.74M | $197.81M | $193.01M |
| High Forecast | $628.19M | $619.67M | $616.42M | $606.49M | $612.45M | $607.33M | $605.53M | $596.45M | $599.33M | $593.81M | $591.70M | $582.77M | $577.69M | $574.17M | $569.39M | $513.54M | $559.68M | $560.58M | $552.43M | $466.85M | $545.23M | $407.26M | $558.65M | $535.57M | $459.92M | $370.24M | $319.80M | $184.49M | $237.37M | $231.61M |
| Low Forecast | $618.68M | $610.30M | $607.09M | $597.32M | $603.18M | $598.14M | $596.36M | $587.43M | $590.26M | $584.82M | $582.75M | $573.95M | $571.49M | $567.97M | $560.78M | $342.36M | $551.22M | $545.20M | $544.07M | $311.23M | $536.98M | $271.51M | $544.61M | $520.28M | $306.62M | $246.82M | $213.20M | $122.99M | $158.24M | $154.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.92% | - | 1.29% | 1.68% | 0.97% | 0.92% | 1.16% | 1.27% | 1.44% | 2.60% | 1.55% | 1.47% |
Zoom Video Communications's average Quarter SG&A projection for Jan 24 is $552.47M, based on 14 Wall Street analysts, with a range of $551.22M to $559.68M. The forecast indicates a 10.60% rise compared to ZM last annual SG&A of $499.52M (Oct 23).
Zoom Video Communications EPS Forecast
| Jan 28 | Oct 27 | Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 12 | 9 | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 9 | 14 | 26 | 13 | 13 | 24 | 23 | 12 | 21 | 12 | 13 | 20 | 13 | 18 | 18 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.47 | $0.61 | - | $-0.36 | $0.16 | $0.15 | $0.38 | $1.64 | $1.14 | $1.07 | $0.77 | $0.91 | $0.70 |
| Avg Forecast | - | - | - | - | $1.35 | $1.34 | $1.35 | $1.32 | $1.31 | $1.30 | $1.32 | $1.29 | $1.28 | $1.31 | $1.21 | $1.19 | $1.15 | $1.09 | $1.06 | $0.99 | $0.81 | $0.83 | $0.95 | $0.88 | $1.07 | $1.09 | $1.16 | $0.99 | $0.79 | $0.76 |
| High Forecast | - | - | - | - | $1.37 | $1.36 | $1.37 | $1.35 | $1.33 | $1.32 | $1.34 | $1.32 | $1.34 | $1.38 | $1.24 | $1.21 | $1.17 | $1.22 | $1.08 | $1.01 | $0.83 | $0.85 | $0.98 | $0.90 | $1.09 | $1.11 | $1.18 | $1.01 | $0.81 | $0.77 |
| Low Forecast | - | - | - | - | $1.35 | $1.34 | $1.34 | $1.32 | $1.30 | $1.29 | $1.31 | $1.29 | $1.25 | $1.24 | $1.21 | $1.19 | $1.14 | $0.95 | $1.06 | $0.99 | $0.81 | $0.83 | $0.95 | $0.87 | $1.06 | $1.08 | $1.15 | $0.98 | $0.78 | $0.75 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.58% | - | -0.44% | 0.19% | 0.16% | 0.43% | 1.54% | 1.05% | 0.92% | 0.78% | 1.15% | 0.92% |
According to 14 Wall Street analysts, Zoom Video Communications's projected average Quarter EPS for Jan 24 is $1.15, with a low estimate of $1.14 and a high estimate of $1.17. This represents a 143.83% increase compared to ZM previous annual EPS of $0.47 (Oct 23).
Zoom Video Communications Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AI | C3.ai | $23.00 | $70.50 | 206.52% | Buy |
| SNOW | Snowflake | $113.67 | $206.83 | 81.96% | Buy |
| ZM | Zoom Video Communications | $67.59 | $111.77 | 65.36% | Hold |
| SHOP | Shopify | $72.45 | $86.12 | 18.87% | Buy |
| ADSK | Autodesk | $263.96 | $283.41 | 7.37% | Buy |
| WDAY | Workday | $250.05 | $264.91 | 5.94% | Buy |
| INTU | Intuit | $655.31 | $689.00 | 5.14% | Buy |
| TTD | Trade Desk | $106.06 | $107.41 | 1.27% | Buy |
| CRM | Salesforce | $254.57 | $257.76 | 1.25% | Buy |
| NOW | ServiceNow | $878.95 | $728.75 | -17.09% | Buy |
ZM Forecast FAQ
Is Zoom Video Communications a good buy?
No, according to 28 Wall Street analysts, Zoom Video Communications (ZM) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 46.43% of ZM's total ratings.
What is ZM's price target?
Zoom Video Communications (ZM) average price target is $111.77 with a range of $55 to $295, implying a 65.36% from its last price of $67.59. The data is based on 28 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Zoom Video Communications stock go up soon?
According to Wall Street analysts' prediction for ZM stock, the company can go up by 65.36% (from the last price of $67.59 to the average price target of $111.77), up by 336.46% based on the highest stock price target, and down by -18.63% based on the lowest stock price target.
Can Zoom Video Communications stock reach $100?
ZM's average twelve months analyst stock price target of $111.77 supports the claim that Zoom Video Communications can reach $100 in the near future.
What is Zoom Video Communications's current price target trend?
3 Wall Street analysts forecast a $73.67 price target for Zoom Video Communications (ZM) this month, up 9.00% from its last price of $67.59. Compared to the last 3 and 12 months, the average price target increased by 2.09% and increased by 4.42%, respectively.
What are Zoom Video Communications's analysts' financial forecasts?
Zoom Video Communications's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $4.89B (high $4.95B, low $4.87B), average EBITDA is $747.58M (high $757.33M, low $745.88M), average net income is $1.68B (high $1.71B, low $1.68B), average SG&A $2.39B (high $2.42B, low $2.39B), and average EPS is $5.36 (high $5.45, low $5.35). ZM's analysts financial forecasts for the fiscal year (Jan 2028) are as follows: average revenue is $4.98B (high $5.05B, low $4.97B), average EBITDA is $762.7M (high $772.66M, low $760.97M), average net income is $0 (high $0, low $0), average SG&A $2.44B (high $2.47B, low $2.43B), and average EPS is $0 (high $0, low $0).
Did the ZM's actual financial results beat the analysts' financial forecasts?
Based on Zoom Video Communications's last annual report (Jan 2023), the company's revenue was $4.39B, beating the average analysts forecast of $4.38B by 0.22%. Apple's EBITDA was $365.32M, missing the average prediction of $803.13M by -54.51%. The company's net income was $103.71M, missing the average estimation of $1.11B by -90.66%. Apple's SG&A was $2.27B, beating the average forecast of $1.95B by 16.65%. Lastly, the company's EPS was $0.35, missing the average prediction of $3.47 by -89.92%. In terms of the last quarterly report (Oct 2023), Zoom Video Communications's revenue was $1.14B, beating the average analysts' forecast of $1.12B by 1.55%. The company's EBITDA was $169.39M, missing the average prediction of $171.28M by -1.10%. Zoom Video Communications's net income was $141.21M, missing the average estimation of $343.35M by -58.87%. The company's SG&A was $499.52M, missing the average forecast of $547.7M by -8.80%. Lastly, the company's EPS was $0.47, missing the average prediction of $1.09 by -57.01%