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Zoom's AI Initiatives Starting to Pay Off, Wedbush Says

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Zoom Communications' (ZM) investments in artificial intelligence have started to pay off while its customer experience portfolio continues to gain traction, Wedbush analysts said in a Friday note.

Analysts said that Zoom's platform is showing momentum as its AI-driven approach resonates with enterprise customers looking to streamline operations.

Wedbush said that in fiscal Q1, Zoom reported beats across the board while increasing its guidance for the full year.

Wedbush raised its fiscal 2027 adjusted earnings per share estimate for the company to $5.98 from $5.79, slightly missing a FactSet consensus estimate of $6.01.

Analysts retained an outperform rating on the stock and raised its price target to $120 from $110.

Price: $108.29, Change: $+11.54, Percent Change: +11.93%

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