Oppenheimer Analyst Sets Bullish Price Target for Zoom Video Communications, Inc. (NASDAQ: ZM) Amid AI Strategy

Zoom Video Communications, Inc. (NASDAQ: ZM) provides essential video meetings, phone services, and workplace tools. It competes directly with Microsoft (NASDAQ: MSFT) Teams and Alphabet (NASDAQ: GOOGL) Meet. On October 21, 2026, Oppenheimer analyst Ittai Kidron set a $130.00 price target for Zoom, compared with a share price of $97.46. This target represents an upside of approximately 33.40% above that price.

This optimistic price target follows Zoom’s recent Zoomtopia 2026 investor session, where the company unveiled an ambitious AI-focused strategy. Zoom also introduced a strategic goal of 6%–8% growth by fiscal 2030, as highlighted by MarketBeat. The available excerpt does not specify whether this growth target refers to revenue or another key financial measure.

Zoom’s innovative new Unified Context Layer is designed to connect information from various sources, including meetings, calls, and chats, with documents and other critical data, as highlighted by GlobeNewswire. The primary aim of this technology is to empower employees and AI tools to efficiently transform discussions into completed work. Chief Financial Officer Michelle Chang noted that this initiative could significantly support revenue generation and enhance customer satisfaction, while simultaneously improving productivity and lowering operational costs.

Currently trading at $97.46, Zoom shares (ZM) were down $0.13, or 0.13%, on the day. Its shares traded within a daily range of $96.14 and $98.67 during the session, and within a 52-week range of $70.70 to $114.74. The company’s market capitalization—representing its shares’ total market value—stands at approximately $28.40 billion, with a daily trading volume of 2.30 million shares.