Zoom Video Communications (NASDAQ: ZM) rallied on Thursday following positive analyst remarks. As of 12:20 p.m. EDT, the cloud software company's stock price was up nearly 3%.
Morgan Stanley analyst Meta Marshall raised her rating on Zoom's shares from equal weight to overweight. Marshall now expects Zoom's stock price to rise to $400, up from her prior forecast of $360. If she's correct, shareholders could enjoy gains of roughly 15% from the stock's current price near $347.
Zoom Video Communications' shares are a buy, according to Morgan Stanley's analyst. Image source: Getty Images.
Source Fool.com