Zoom Shares Soar Higher, Wall Street Warns of Probable Risks Post Lockdown

Zoom Shares Soar Higher_ Wall Street Warns of Probable Risks Post Lockdown

Wall Street analysts raised the price targets for Zoom Video Communications on Tuesday as its shares hitting the highest record while warning that a return to office work could hamper the success in luring small corporate customers.

Zoom shares soared as high as 47% to $478 in morning trade, with brokerages raising the price guidance by an average of $161 post the company, reported blockbuster quarterly results by lifting its annual revenue forecast.

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These impressive numbers indicate that one of the success stories during the pandemic is turning its huge free-user base into hard cash.

To Read More: Reuters

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