Why Zoom Stock Jumped Today
Shares of Zoom Video Communications (NASDAQ: ZM) climbed on Thursday, following bullish analyst commentary. As of 1:05 p.m. EDT, Zoom's stock price was up more than 5%.
KeyBanc analyst Steve Enders raised his rating on Zoom's stock from sector weight to overweight. He sees the cloud communication platform's share price rising to $428, representing potential gains to investors of roughly 10% from the stock's current price near $390.
KeyBanc sees more upside ahead for Zoom's shareholders. Image source: Getty Images.
Source Fool.com
