RBC Capital Rates Zoom Communications (ZM) Outperform
Key Points
- RBC Capital kept an Outperform rating and a $130.00 price target on Zoom Communications, Inc. on October 21, 2026.
- RBC Capital's $130 price target implies 30.82% upside from Zoom Communications, Inc.'s ($ZM) current $99.38 share price.
- Zoom Communications, Inc. trades recently around $99.38, sitting below its mean analyst price target of $118.58.
- The company generated $4.99 billion in trailing revenue with earnings of $10.78 per share ahead of its November 2026 earnings release.
Since the rating, $ZM is down 1.4% to date (from the $99.44 close on Oct 21, 2026).
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RBC Capital's Call on Zoom Communications, Inc.
RBC Capital kept its Outperform rating on Zoom Communications, Inc. on October 21, 2026, leaving its price target unchanged at $130.00. The stock closed at $99.44 on the day of the update. The firm's target sits well above where shares have recently changed hands, pointing to expected upside ahead of upcoming reports.
ZM
Zoom Communications, Inc.
Other Institutional Activity in Zoom Communications, Inc.
AQR Capital Management, LLC reduced its holdings by 1,832,207 shares, ending with 6,530,217 shares worth 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, sitting up about 2.6% above their 50-day moving average of $96.84. The stock trades about 13.4% below its 52-week high of $114.74 and well above its 52-week low of $70.70. The current price also trails the mean analyst target of $118.58 by about 16.2%.
$ZM price target
Zoom Communications, Inc. daily closes and this analyst's $130 target. Not advice.
Recent Earnings
Zoom posted $4.99 billion in trailing twelve-month revenue along with $10.78 in earnings 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, for further financial updates.
Insider Buying and Selling at Zoom Communications, Inc.
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 on October 8, 2026, at an average price of $94.71 for a total of $284,120. President of Engineering & Product Velchamy Sankarlingam sold 7,645 shares under a planned trading program on October 12, 2026, at $99.26 per share, totaling $758,874. Chief Financial Officer Michelle Chang sold 8,489 shares under a 10b5-1 plan on October 12, 2026, at an average price of $99.46 for a total of $844,340.
Analysts Set New Price Targets
On October 21, 2026, UBS maintained its Neutral rating on Zoom while lowering its price target from $115.00 to $112.00. Rosenblatt kept a Buy rating and a $130.00 price target on October 21, 2026. BTIG reiterated a Buy rating on October 21, 2026, keeping its price target at $125.00. Cantor Fitzgerald maintained a Neutral rating on October 21, 2026, keeping its price target at $104.00. Overall, the stock carries a buy recommendation key across 26 analyst opinions with a mean price target of $118.58.
About Zoom Communications, Inc.
Zoom Communications, Inc. provides an artificial intelligence-first open work platform for video meetings, phone calls, team chat, and digital workspaces across the Americas, Asia Pacific, Europe, and Africa. Headquartered in San Jose, California, the company focuses on unifying enterprise communications and collaboration tools for modern businesses. This analyst update arrives as market participants evaluate software demand and platform expansion.
Bottom Line
Watch for Zoom's upcoming earnings report on November 24, 2026, to see how platform growth matches up against analyst expectations. Analyst price targets and institutional shifts will continue to guide near-term sentiment.
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Source: RBC Capital's rating change on $ZM (Oct 21, 2026). Written by software, not financial advice. How we make alerts