Zoom stock price is currently trading around $470, down slightly from an all-time high of $530. Its shares are up almost 55% since it announced second-quarter results at the beginning of last month. The stock price of the video communication company also received strong backing from the analyst’s commentary. CFRA upgraded the stock price target from $245 to 460. BofA has appreciated its robust financial performance and raised the price target to $475. Unlike CFRA, BofA analyst Nikolay Beliov claims that the revenue growth trends are sustainable in the long–term as the pandemic has changed the people’s habits. The firm anticipates Zoom’s fiscal 2022 revenue in the range of $3.1 billion. Zoom has generated second-quarter revenue around $663 million, representing a growth of 355% from the past year period. It has also been turning revenue growth into big profits. Its second-quarter earnings per share of $0.92 jumped by $0.47 per share from analysts’ consensus estimate.
