Piper Sandler analyst James Fish raised its price target on Zoom (NASDAQ:ZM) to $78 from $75 and maintained a neutral rating on the stock. The analyst told investors in a research note that fourth-quarter sales results were slightly above plan as Zoom continued to find some stability in its online customer base and key product areas such as Zoom Phone and Zoom Contact Center continued to see strong adoption. Analysts said that while bears will point out that leading metrics will continue to decelerate, with revenue growth of just 1% in fiscal 2024, Zoom’s 2024 margins remain higher than expected and even adjusted for announced layoffs.