Needham Rates Zoom Communications (ZM) Buy, $130 Price Target

Needham reiterated its Buy rating on Zoom Communications, Inc. (ZM) on October 22, 2026, holding its price target steady at $130. The update was shared in a research note published on October 22, joining a series of recent updates from Wall Street firms covering the software maker.

ZM Zoom Communications, Inc.

$98 ▲ +17.62% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Needham's Call on Zoom Communications, Inc.

Needham maintained its positive stance on the company, keeping the target at $130. Prior to this update, several other firms weighed in on the stock. On October 21, 2026, UBS maintained a Neutral rating with a $112 target, down from its prior target of $115. On the same day, RBC Capital reiterated an Outperform rating with a $130 target, Rosenblatt maintained a Buy rating with a $130 target, and BTIG reiterated a Buy rating with a $125 target. The stock carries a consensus Buy rating from 26 analysts with a mean price target of $118.58.

Other Institutional Activity in Zoom Communications, Inc.

Large institutional investors adjusted their holdings in Zoom recently. AQR Capital Management, LLC reduced its holdings by 1,832,207 shares, ending with 6,530,217 shares worth about $644,401,815 as of June 30, 2026. Acadian Asset Management, LLC grew its holdings by 65,373 shares, ending with 4,003,535 shares worth about $395,068,835.

Zoom Communications, Inc. Stock Up 2.0%

Zoom shares recently traded around $99.38 as of October 22, 2026, up about 1.3% since closing at $98.14 on the event date. The stock has a market capitalization of roughly $29.01 billion and a trailing price-to-earnings ratio of 9.22.

Recent Earnings

For its trailing twelve-month period, the company posted revenue of $4,993,050,112 and earnings of $10.78 per share, backed by a net margin of 65.2% and a return on equity of 32.1%. The company's next financial results are scheduled for release on November 24, 2026.

Insider Buying and Selling at Zoom Communications, Inc.

Company insiders executed several transactions prior to the analyst update. Chief Executive Officer Eric S. Yuan sold 24,200 shares on October 6, 2026, valued at $2,272,601. Director Herbert Raymond McMaster sold 3,000 shares at $94.71 on October 8, 2026, for a total of $284,120. President of Engineering and Product Velchamy Sankarlingam sold 7,645 shares at $99.26 on October 12, 2026, under a planned trading program, and Chief Financial Officer Michelle Chang sold 8,489 shares at $99.46 on the same day under a similar plan.

About Zoom Communications, Inc.

Zoom Communications, Inc. provides an artificial intelligence-first open work platform for human connection, serving users across the Americas, Asia Pacific, Europe, the Middle East, and Africa. Based in San Jose, California, the company connects people through video, phone, chat, and content sharing tools. Analyst updates like Needham's evaluation help investors track the firm's market position as it expands its software offerings.

Bottom Line

Investors are watching for the company's next financial results on November 24, 2026, alongside ongoing institutional filing updates. Analyst price targets and insider transactions provide additional context for tracking market sentiment.