Zoom Shares Slip 5% After AI-Driven Results, Wall Street Adjusts ZM Price Targets
Zoom Communications shares dropped over 5% Tuesday, pulling back after last week’s AI-fueled earnings pop. Investors looked at whether the company’s better outlook could keep the stock at its recent highs. Zoom shares were recently at $100.09, off 5.3%. The stock hit a high of $106.50 and a low of $99.82 during the session. Volume was about 5.4 million shares. Zoom’s market cap was around $30 billion.