— Shares of the videoconferencing company rose more than 4% after Guggenheim initiated its coverage on the software company with a "buy" rating. Guggenheim set its price target on Zoom at $90, which implies a 28.7% upside from Thursday's close of $69.92. The firm said Zoom's business model is "a combination of low initial price and very rapid adoption.
"— Shares of the struggling retailer rose nearly 3% after reporting better-than-expected third-quarter earnings. The company reported earnings of 53 cents per share, topping estimates of 5 cents, according to Refinitiv. Revenue came in at $4.00 billion, above the forecast $3.96 billion. The company warned earlier this month that it was anticipating dismal results. The retailer said it is making "progress" on the Old Navy spin-off.
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