Needham Maintains a Buy on ​Zoom Communications (ZM), Keeps the PT

​Zoom Communications Inc. (NASDAQ:ZM) is one of the Tech Stocks to Buy with the Lowest P/E Ratios. On September 18, Joshua Reilly from Needham maintained a Buy rating on Zoom Communications Inc. (NASDAQ:ZM) with a price target of $100.

​The analyst noted the company’s latest Zoomtopia conference, where it showcased how it is integrating agentic workflows. The company showcased AI Companion 3.0, which is a free upgrade within Zoom Workplace and offers a significant upgrade from its predecessor.

​Moreover, Zoom Communications Inc. (NASDAQ:ZM) is also strengthening channel relationships in the US and internationally. Reiley believes that this is expected to drive enterprise revenue growth. The analyst also notes that the company’s Zoom business has stabilized. They expect the company to deliver mid-single-digit total revenue growth for FY26, higher than the current 3.5% guidance.

​Zoom Communications Inc. (NASDAQ:ZM) offers an AI-powered work platform called Zoom Workplace that enhances collaboration and communication.

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.