RBC Capital Reaffirms Buy Rating on Zoom Communications, Inc.
RBC Capital reiterated its buy rating on Zoom Communications, Inc. with a price target of $130, a 50.62% upside from the current price.
Key Points
- RBC Capital reiterated its buy rating for Zoom Communications, Inc., setting a price target of $130.
- RBC Capital's $130 price target implies 50.62% upside from Zoom Communications, Inc.'s ($ZM) current $86.31 share price.
- Shares of Zoom Communications, Inc. traded at $86.14 on Tuesday, with a market cap of approximately $25.36 billion.
- Insider trades included planned sales by CFO Michelle Chang and multiple purchases by other insiders in June.
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RBC Capital has reiterated its buy rating on Zoom Communications, Inc. (NasdaqGS: ZM), setting a price target of $130. This reaffirmation by analyst Rishi Jaluria comes as Zoom's shares traded at $86.14 on Tuesday.
RBC Capital vs. the S&P 500
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Zoom Communications, Inc. Stock Down 12.3%
Shares of Zoom Communications, Inc. traded near $86.14 on Tuesday. The company holds a market cap of approximately $25.36 billion and has a P/E ratio of 12.7. Zoom's stock has a 52-week range between $69.15 and $114.74, with a 50-day moving average of $97.16 and a 200-day moving average of $87.24. The company maintains a current ratio of 4.22 and a quick ratio of 4.03, indicating strong liquidity.
$ZM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Zoom Communications, Inc. reported revenue of $4.93 billion, reflecting a growth rate of 5.5%. The company's net margin stands at 41.99%, and it has a return on equity of 21.95%. With earnings per share of $6.79, Zoom is scheduled to release its next earnings report on August 20, 2026.
Insider Buying and Selling at Zoom Communications, Inc.
Recent insider activity at Zoom includes a planned sale by CFO Michelle Chang, who sold 327 shares at an average price of $93.83 on June 15, 2026. Additionally, several insiders, including Daniel Scheinman, Herbert Raymond McMaster, Cindy Hoots, Santiago Subotovsky, and Michael Fenger, each purchased 3,012 shares on June 11, 2026.
Analysts Set New Price Targets
On June 30, 2026, RBC Capital reiterated its buy rating on Zoom Communications, Inc. with a price target of $130. Other analysts have also shown positive sentiment, with HSBC maintaining a buy rating and a $133 target, and Citigroup maintaining a buy rating with a $126 target. The consensus among 26 analysts is a buy recommendation, with an average price target of $115.
About Zoom Communications, Inc.
Zoom Communications, Inc., headquartered in San Jose, California, offers a variety of communication solutions including video meetings, cloud phone systems, and team chat services. Led by CEO Eric S. Yuan, the company serves a wide range of industries from education to healthcare, employing over 7,400 people globally. Zoom continues to innovate with products like Zoom Meetings, Zoom Phone, and Zoom Team Chat, aiming to enhance digital communication across platforms.
Bottom Line
RBC Capital's reaffirmation of its buy rating on Zoom Communications, Inc. with a $130 price target highlights continued confidence in the company's growth prospects. Investors keep a close eye on analyst ratings as they assess potential stock performance. However, it's important to remember that these ratings are based on past data and projections, and actual future performance can vary.
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