Zoom Communications Impresses with AI Strategy and Slight Growth Acceleration
Jefferies analysts raise the price target to $105 (Buy)
Market potential is expected to grow to $235 billion by 2028
Reading Time: 1 minute
Zoom Communications (ZM) remains interesting to me due to its attractive P/E ratio of 14.2. The company is transforming from a former video conferencing provider to a comprehensive AI platform for human collaboration. The AI monetization strategy is making progress, with the number of monthly active users of the AI Companion more than quadrupling in the last quarter. The new AI Companion 3.0 will be even smarter and more proactive, automatically converting conversations into concrete tasks and outcomes. The Custom Version, available since November...
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