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ZM

Zoom Video Communications Inc

NASDAQ: ZM · TECHNOLOGY · SOFTWARE - APPLICATION

$95.76
+5.07% today

Updated 2026-04-29

Market cap
$28.22B
P/E ratio
15.50
P/S ratio
5.80x
EPS (TTM)
$6.18
Dividend yield
—
52W range
$69 – $98
Volume
4.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Zoom Video Communications Inc (ZM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$95.76
Consensus
$94.14
-1.69%
2030 Target
$255.32
+166.62%
DCF
$84.76
-8.72% MoS
22 analysts:
10 Buy11 Hold2 Sell

Management guidance

Zoom's fiscal Q4 2026 earnings (Feb 2026) showed revenue of $1.25B (+5.3% YoY) with guidance for Q1 FY2027 revenue between $1.230-1.235B (approximately 4.1% growth). Management has emphasized AI Companion 3.0 and enterprise revenue acceleration as growth drivers, with enterprise revenue growing 6.1% in Q3 FY2026. Full-year FY2026 revenue reached $4.87B with 4.36% growth; management has not provided explicit multi-year targets through 2030 but emphasizes AI-driven productivity tools and expanded TAM in enterprise.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$428.27
$6.3B Rev × 20x P/S
Base case (2030)
$255.32
$6.3B Rev × 12x P/S
Bear case (2030)
$172.96
$6.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$4.5B$4.7B$4.9B$5.4B$5.7B$6.0B$6.3B
Revenue growth—3.1%4.4%6.1%5.0%5.6%5.9%
EPS$5.21$3.98$6.20$6.35$6.70$7.15$7.65
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$214.14$230.61$238.84$255.32

Catalysts & risks

Growth catalysts
+ AI Companion 3.0 rollout and monetization (agentic AI, custom solutions, broader adoption)
+ Enterprise revenue acceleration and market share gains vs. Microsoft Teams
+ Platform expansion (Zoom Docs, Virtual Agent, Contact Center integrations with Oracle/PCI Pal)
+ International expansion and emerging market penetration
+ AI-driven productivity tools driving ARPU expansion and net dollar retention
Key risks
- Intense competition from Microsoft Teams (bundled with Office 365), Google Meet, and RingCentral in core conferencing
- Slowing growth in core video conferencing (mature market saturation)
- AI monetization uncertainty—customers may not pay premium for AI features vs. competitors bundling them free
- Regulatory/privacy concerns around AI data usage and deepfake detection
- Economic downturn reducing enterprise IT spending and deal velocity
- Customer concentration risk and net retention challenges if churn accelerates

Methodology

Zoom Video Communications Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.