Bank of America reinstated coverage of Zoom Video Communications (ZM) with a Buy rating. The bank set a price target of $130 for the stock. Zoom shares rose in premarket trading following the August 19, 2026 announcement.
Analysts believe Zoom is successfully transitioning from a video meeting provider into a comprehensive work platform. Newer products like Zoom Phone and Contact Center are driving this evolution. BofA expects stabilizing enterprise spending to support a durable transition to mid-single-digit growth.