Robert W. Baird Maintains a Buy on Zoom Communications (ZM)

​Zoom Communications Inc. (NASDAQ:ZM) is one of the Most Undervalued Growth Stocks to Buy According to Hedge Funds. On September 18, Robert W. Baird analyst William Power maintained a Buy rating on Zoom Communications Inc. (NASDAQ:ZM) with a price target of $95.

The analyst noted that the company recently unveiled its AI Companion 3.0 at the Zoomtopia conference, emphasizing the integration of advanced AI throughout its platform. He noted that this move aims to improve user experience and generate positive returns, particularly among small and medium-sized businesses that quickly adopt AI.

​Moreover, the analyst also noted that Zoom Communications Inc. (NASDAQ:ZM)’s strategic partnerships strengthen its market position. Notably, its collaboration with SharkNinja highlights its unique offerings in the Contact Center as a Service sector. The company is also experiencing strong growth in its Phone business, which contributes to its overall revenue momentum. Lastly, the analyst believes that the company’s valuation makes it an attractive long-term investment.

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

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.