BTIG Rates Zoom Communications (ZM) Buy, $125 Price Target

On October 21, 2026, BTIG reaffirmed its Buy rating on Zoom Communications, Inc. (NASDAQ: ZM) while keeping its price target steady at $125.00. The note from the research firm came on a day when shares of the communications platform closed at $99.44. BTIG's ongoing stance places its target well above recent trading levels, signaling confidence in the software maker's long-term growth outlook.

ZM Zoom Communications, Inc.

$97.46 ▲ +16.97% year to date

1M 3M YTD

Daily close · Oct 20, 2026

BTIG's Call on Zoom Communications

In its research note on October 21, 2026, BTIG kept its Buy rating on Zoom and left its price target unchanged at $125.00, matching its prior target of $125.00. The firm's forward-looking opinion supports the view that the artificial intelligence-first collaboration provider has room to grow from its recent price levels.

Other Institutional Activity in Zoom Communications

Large institutional funds have adjusted their holdings in Zoom recently. AQR Capital Management, LLC reduced its stake by 1,832,207 shares during the quarter ended June 30, 2026, ending with 6,530,217 shares worth about $644,401,815. Meanwhile, Acadian Asset Management, LLC grew its holdings by 65,373 shares, a 1.7% increase to finish with 4,003,535 shares valued at roughly $395,068,835.

Zoom Communications, Inc. Stock Up 2.0%

Zoom shares recently traded around $99.38 as of October 22, 2026. The stock closed at $99.44 on the day of BTIG's rating update. The recent price sits about 2.6% above its 50-day moving average of $96.84 and roughly 8.4% above its 200-day moving average of $91.70. Shares have traded between a 52-week low of $70.70 and a 52-week high of $114.74.

Recent Earnings

Zoom generated $4.99 billion in trailing-twelve-month revenue with earnings of $10.78 per share. The company reported a net profit margin of 65.2% and a return on equity of 32.1%. Investors look toward the next earnings release scheduled for November 24, 2026.

Dividend

Zoom Communications does not currently pay a dividend, keeping its payout ratio at zero.

Insider Buying and Selling at Zoom Communications, Inc.

Company insiders executed several share sales ahead of the analyst update. Chief Executive Officer Eric S. Yuan sold 24,200 shares on October 6, 2026, for a total value of $2,272,601. Director Herbert Raymond Mcmaster parted with 3,000 shares on October 8, 2026, at an average price of $94.71, totaling $284,120. Later, on October 12, 2026, President of Engineering & Product Velchamy Sankarlingam sold 7,645 shares under a planned arrangement at an average price of $99.26, valued at $758,874. On the same day, Chief Financial Officer Michelle Chang sold 8,489 shares worth $844,341.

Analysts Set New Price Targets

Wall Street firms updated their views on Zoom alongside BTIG on October 21, 2026. UBS maintained its Neutral rating while lowering its price target to $112.00 from $115.00. RBC Capital reiterated its Outperform rating with an unchanged target of $130.00. Rosenblatt kept a Buy rating and a $130.00 target, while Cantor Fitzgerald maintained a Neutral rating with a $104.00 target. Across the wider analyst community, the stock holds a consensus buy recommendation with a mean target price of $118.58 based on 26 opinions.

About Zoom Communications

Headquartered in San Jose, California, Zoom Communications, Inc. builds an artificial intelligence-first open work platform that facilitates video meetings, phone calls, team chat, and virtual workspaces for customers across the Americas, Asia Pacific, Europe, and Africa. The company employs 7,438 people and serves enterprise and individual users globally.

Bottom Line

BTIG's decision to maintain a Buy rating on Zoom highlights steady backing from the firm as the software provider heads toward its late November earnings report. Market watchers will monitor upcoming financial results and institutional filing updates for further signs of momentum.