Zoom Communications Inc. (NASDAQ:ZM) stock traded higher Wednesday after the company unveiled long-term financial targets and new artificial intelligence-powered products at its Zoomtopia event.
Zoom set fiscal 2030 targets of 6% to 8% revenue growth, an adjusted operating margin of about 40% and an adjusted gross margin of approximately 80%.
The company also introduced a Unified Context Layer and new AI-powered products designed to turn meeting insights into actionable tasks, helping businesses streamline workflows and improve productivity.
Following the announcements, several Wall Street analysts updated or reaffirmed their ratings and price forecasts.
Oppenheimer Upgrades Zoom, Sees AI-Driven Growth
Oppenheimer analyst Timothy Horan upgraded Zoom from Perform to Outperform and set a $130 price forecast.
Kidron expressed confidence in Zoom’s expanding product portfolio and customer response as the company evolves beyond video conferencing into an AI-powered communications and workflow platform centered on Conversation, Context and Completion.
He expects broader product adoption to increase average revenue per user and improve customer retention.
Kidron also sees AI integration strengthening customer relationships, supporting double-digit growth and helping Zoom maintain stable margins.
The analyst raised his long-term revenue estimates, increasing his fiscal 2030 projection by 3.3% to $6.06 billion.
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BTIG Raises Zoom’s Enterprise Growth Forecasts
BTIG analyst Allan Verkhovski maintained a Buy rating and a $125 price forecast.
Following Zoom’s investor session, Verkhovski raised his enterprise revenue growth forecasts for fiscal 2028 and fiscal 2029 to 7.4% and 8.7%, respectively, from 6.3% and 5.2%.
Both projections exceed Wall Street consensus estimates of 6% and 5.7%, respectively.
According to Verkhovski, management expects enterprise revenue growth to reach double digits by fiscal 2030, supported by lower customer churn, larger enterprise accounts, product diversification, AI adoption and new revenue streams.
The analyst remains optimistic about accelerating enterprise growth and Zoom’s expanding role in AI-powered communications and business workflows.
ZM Price Action: Zoom Communications shares were up 2.81% at $100.20 at the time of publication on Wednesday, according to Benzinga Pro data.
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