RBC Capital Lifts PT on Zoom Communications (ZM) to $100 From $95, Keeps an Outperform Rating

Zoom Communications Inc. (NASDAQ:ZM) is one of the best high growth low PE stocks to invest in now. RBC Capital lifted the firm’s price target on Zoom Communications Inc. (NASDAQ:ZM) to $100 from $95 on August 22, keeping an Outperform rating on the shares.

The firm told investors in a research note that Zoom Communications Inc. (NASDAQ:ZM) delivered strong fiscal Q2 results, exceeding consensus expectations across all metrics and reporting a 4.7% year-over-year revenue growth, which was the company’s highest revenue growth in the past 11 quarters.

It added that Zoom Communications Inc. (NASDAQ:ZM) raised its fiscal year 2026 guidance across the board, with all metrics coming in above consensus.

The firm noted that it was pleased to see Zoom Communications Inc. (NASDAQ:ZM) highlight continued traction with a stable net retention rate, AI products, and accelerating $100K+ customer growth.

Zoom Communications Inc. (NASDAQ:ZM) provides a communications and collaboration platform. Its Zoom for Healthcare offering provides pharma-biotech, physicians, and healthcare providers a secure telehealth platform for collaboration, innovation, and virtual care.

The Zoom Workplace for Healthcare add-on provides healthcare-specific AI capabilities that improve the platform’s experience, such as specialized lexicons through healthcare dictionaries, improved effectiveness with personal coaching, and extended knowledge through access to data sources.

While we acknowledge the potential of ZM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.