New upside for Zoom Video Communication which rises more than 6% today to $ 393 in the wake of a series of surveys suggesting that more people than expected will continue to work from home, at least in part, even after the pandemic. Several companies have already softened their stance in bringing full-time office workers back to office also thanks to the Delta variant which has resulted in a new increase in the number of cases in the United States.
According to the broker KeyBanc, the company will benefit from the current and future hybrid working environment. KeyBanc has an overweight rating on Zoom with a $ 428 target price.
In early July, Zoom announced plans to acquire cloud contact center provider Five9 in a $ 14.7 billion transaction.