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Why Zoom Video Communications Stock Jumped on Thursday

Shares of Zoom Video Communications (NASDAQ: ZM) surged higher on Thursday, adding as much as 5.9%. Citic Securities analyst Junyun Chen initiated coverage of Zoom Video Communications with a buy rating while also issuing a price target of $260. The bullish call came as Zoom Video's stock had lost more than two-thirds of its value since it peaked last October. Read More...

Shares of Zoom Video Communications (NASDAQ: ZM) surged higher on Thursday, adding as much as 5.9%. Citic Securities analyst Junyun Chen initiated coverage of Zoom Video Communications with a buy rating while also issuing a price target of $260. The bullish call came as Zoom Video’s stock had lost more than two-thirds of its value since it peaked last October.

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