富國、KeyBanc下調Zoom目標價
儘管Zoom(ZM.US)公佈了好於預期的收益和略高於預期的指引,該股較8月初的近期高點下跌了45%。
KeyBanc Capital Markets維持對該股的“增持”評級,但將其目標股價從每股398美元下調至344美元,這仍將比當前水平高出50%以上。
KeyBanc分析師Steve Enders在一份報告中寫道:“多頭將指向高端市場的成功,以及手機業務的增長,證明Zoom的企業戰略正在發揮作用。空頭將指出經濟增長持續放緩和具有挑戰性的第四季度,2022財年第三季度淨留存率將放緩至109%。”
富國銀行維持其“持股觀望”評級,但將目標股價從275美元下調至245美元。
分析師Michael Turrin表示:“第四季度的前景顯示,收入增長將低於20%,賬單增長將低於10%,這讓人們對明年的正常增長產生了疑問。”
Turrin表示:“管理層對前端續訂的觀點表明,第四季度的賬單可能會出現低谷,但鑑於與SMB業務部門相關的移動業務(約佔收入的33%)以及對視頻業務的正常影響,這種模式的正常收入增長仍很難受到阻礙。我們預計,這些不利因素將在未來幾個季度拖累公司業績,使其股價保持區間波動,直到出現關於Zoom高速增長後的下一步走勢的明確跡象。”
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