Aug. 26 at 12:01 PM
$ZM Zoom Communications delivered decent Q2 results, says RBC Capital
RBC Capital analyst Rishi Jaluria keeps an Outperform rating and a
$130 price target on Zoom Communications after its "decent" Q2 results, with revenue, billings, and earnings above consensus estimates. RBC notes, however, that the company's FY27 outlook was in line, adding that while the quarter was decent, the online headwind from AI-driven discovery shifts is "worth monitoring", the analyst tells investors in a research note.