Zoom Video Communications (ZM.US) launched today’s session higher after Morgan Stanley upgraded the company's shares to overweight from equal-weight citing its stronger positioning heading into the second half of the year. Analysts lifted the price target to $400 from $360 as in their opinion the global video conferencing service is building a durable platform for growth and has the potential to surprise on the upside over the next year and investor concerns on small-and-medium-sized business turnover "are outweighing continuing growth potential of enterprise business, particularly as platform expands."
Zoom (ZM.US) stock launched today's session with a bullish price gap, however buyers failed to break above major resistance at $360.00 and price pulled back. Currently stock is testing local support at $343.50 which is marked by lower limit of the 1:1 structure and 50% Fibonacci retracement of the last upward wave. Should break lower occur, downward move may accelerate towards next support at $331.50. Source: xStation5
Politics batter the UK bond market once more, as Starmer remains under pressure
STM is growing stronger thanks to a new partnership with AWS!
The Week Ahead
Kongsberg Gruppen after earnings: The company catches up with the sector
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
