Bank of America raised its price target on the stock and said the company is benefiting from the stay-at-home orders.benefiting from a near-perfect 1H setup with strong content, stay-at-home orders, suspended sports leagues and shuttered movie theatres seeing consumers globally turn to the streaming TV service.
"Cantor initiated the stock as overweight and said it sees significant upside potential in the video conferencing service.with an Overweight rating and a 12-month price target of $150. We believe the current Covid-19 environment presents significant upside potential not currently assumed in the stock. Zoom provides a superior communication platform in a time where video and connectivity is becoming more important for all industries and business sizes.
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Pro New dotcom bubble, good idea.
Pro B of A raised its price target on Netflix to $460 from $426.
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