Analysts have recently shared their insights on two major players in the Technology sector, Amazon (AMZN) and Zoom Video Communications (ZM).
For Amazon, Bank of America Securities analyst Justin Post reiterated a Buy rating on the stock and set a price target of $174.00. The company’s shares closed near its 52-week high at $134.68. Post, who is considered a top 100 analyst according to TipRanks.com, has an impressive average return of 20.2% and a success rate of 66.1%. He covers the Technology sector, focusing on stocks such as Peloton Interactive, Uber Technologies, and Alphabet Class A. The general sentiment on the street is also bullish, with a Strong Buy analyst consensus rating for Amazon and an average price target of $174.63, representing a 30.6% upside. Mizuho Securities also maintained a Buy rating on the stock with a $180.00 price target.
Turning to Zoom Video Communications, Michael Funk from Bank of America Securities maintained a Hold rating on the stock with a price target of $90.00. The company’s shares closed near its 52-week low at $67.27. Funk, who is a 1-star analyst according to TipRanks.com, has an average return of -4.7% and a success rate of 48.2%. He covers the Technology sector, focusing on stocks such as Bentley Systems, Unity Software, and Guidewire. The analyst consensus on Zoom Video Communications is currently a Hold with an average price target of $81.46, indicating a 22.4% upside from current levels. Rosenblatt Securities also maintained a Hold rating on the stock with a $75.00 price target.
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