Oppenheimer Rates Zoom Communications (ZM) Outperform

Oppenheimer issued an Outperform rating on Zoom Communications, Inc. (NASDAQ:ZM) and set a $130.00 price target on October 21, 2026. The research note provides a forward-looking view on the communications software provider as shares trade below Wall Street's average expectations.

ZM Zoom Communications, Inc.

$97.46 ▲ +16.97% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Oppenheimer's Call on Zoom Communications, Inc.

On October 21, 2026, Oppenheimer gave Zoom an Outperform rating alongside a $130.00 price target. Several other firms weighed in on the same day. UBS maintained a Neutral rating while trimming its target from $115.00 to $112.00. RBC Capital reiterated an Outperform rating with a $130.00 target. Rosenblatt kept a Buy rating and a $130.00 target, BTIG maintained a Buy rating with a $125.00 target, and Cantor Fitzgerald reiterated a Neutral rating with a $104.00 target. Across the broader analyst community, 26 experts track the stock, yielding a consensus buy recommendation and a mean price target of $118.57.

Other Institutional Activity in Zoom Communications, Inc.

Large funds adjusted their holdings earlier in the year. AQR Capital Management, LLC reduced its stake by 1,832,207 shares, ending with 6,530,217 shares valued at about $644,401,815. 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, roughly equal to the $99.44 close on the day of Oppenheimer's note. The stock trades above its 50-day moving average of $96.84 and above its 200-day moving average of $91.69. The recent price sits below the 52-week high of $114.74 and well above the 52-week low of $70.70.

Recent Earnings

Zoom reported $4,993,050,112 in trailing-twelve-month revenue and $10.78 in trailing-twelve-month earnings per share. The company posted a net profit margin of 65.2% and a return on equity of 32.1%. The next quarterly earnings report is scheduled for November 24, 2026.

Dividend

The company maintains a dividend payout ratio of 0.0% and yields 0.0%.

Insider Buying and Selling at Zoom Communications, Inc.

Company insiders completed several stock sales in October 2026. 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, totaling $284,120. President of Engineering and Product Velchamy Sankarlingam sold 7,645 shares under a planned trading schedule at $99.26 on October 12, 2026, worth $758,874. Chief Financial Officer Michelle Chang sold 8,489 shares on October 12, 2026, valued at $844,341.

About Zoom Communications, Inc.

Zoom Communications, Inc. provides an artificial intelligence-first open work platform designed for video meetings, phone calls, team chat, and collaborative spaces across the Americas, Asia Pacific, Europe, the Middle East, and Africa. Headquartered in San Jose, California, the company connects millions of users daily through its cloud-based suite.

Bottom Line

Oppenheimer's new target highlights optimism for the software provider as shares trade below consensus expectations. Investors will watch the upcoming earnings release on November 24, 2026, for further updates on platform growth and AI feature adoption.