Morgan Stanley analyst Meta Marshall raised the firm’s price target on Zoom Communications (ZM) to $96 from $86 and keeps an Equal Weight rating on the shares. Communication software had “disappointing performance for much of 2024,” but a second half rotation and focus on reacceleration potential helped some names, such as Twilio (TWLO), the analyst wrote in a 2025 outlook note for the group. Entering 2025, the space has broadened portfolios, but the firm argues that it will be the names with “accelerating growth stories or extreme FCF support that we think will find outperformance,” the analyst tells investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
