Zoom Shares Slip 5% After AI-Driven Results, Wall Street Adjusts ZM Price Targets
Zoom shares fell 5.3% to $100.09 Tuesday despite raising its fiscal 2027 outlook and adding $1 billion to its buyback plan. Q1 revenue rose 5.5% to $1.239 billion, with enterprise sales up 7.2%. Citi lifted its price target to $126, but investors focused on growth and churn. The stock dropped as broader tech names gained.
