Zoom Video Communications Inc (NASDAQ: ZM) shares are trading higher by 1.5% at $332.49 in Wednesday’s premarket session after the company reported better-than-expected first-quarter EPS and sales results. The company also issued second-quarter and FY22 EPS and sales guidance above analyst estimates. UBS analyst Karl Keirstead maintained Zoom with a Neutral and raised the price target from $325 to $345. Deutsche Bank analyst Matthew Nikam maintained Zoom with a Hold and raised the price target from $360 to $375. Piper Sandler analyst James Fish maintained Zoom with an Overweight and lowers the price target from $541 to $464. Citigroup analyst Walter Pritchard maintained Zoom with a Neutral and raises the price target from $362 to $380. BTIG analyst Matt VanVliet maintained Zoom with a Buy and lowered the price target from $550 to $495.
Microsoft Corporation (NASDAQ: MSFT) shares are trading higher by around 0.25% after KGI Securities analyst Freddy Chen initiated coverage with an Outperform rating and announced a price target of $300.
Canopy Growth Corp (NASDAQ: CGC) (TSX: WEED) shares are trading higher by 1.52% at $24.65 after Canaccord Genuity analyst Matt Bottomley upgraded from Sell to Hold and lowered the price target from CA$32 to CA$30.
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