Mizuho Securities analyst Siti Panigrahi reiterated a Buy rating on Zoom Video Communications (NASDAQ:ZM) on Sunday, setting a price target of $400, which is approximately 14.81% above the present share price of $348.41.
Panigrahi expects Zoom Video Communications to post earnings per share (EPS) of $0.77 for the third quarter of 2021.
The current consensus among 21 TipRanks analysts is for a Moderate Buy rating of shares in Zoom Video Communications, with an average price target of $421.75.
The analysts price targets range from a high of $495 to a low of $345.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $956.24 million and a net profit of $226.31 million. The company's market cap is $103.46 billion.
According to TipRanks.com, Mizuho Securities analyst Siti Panigrahi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.2% and a 75.00% success rate.
Founded in 2011, Zoom Video Communications, Inc. is a cloud-based peer-to-peer software platform that connects people through videotelephony and online chat services. Its video-first communications platform is used for teleconferencing, telecommuting, distance education, and social relations.