Zoom AI Surge

Investor sentiment hardened around Zoom’s product expansion, especially its AI‑powered offerings. AI Companion usage surged 184 % during the quarter, and Zoom Phone ARR continues to climb in the mid‑teens, reinforcing the company’s narrative of sustained mid‑single‑digit revenue growth. Lower churn rates and strong adoption of AI Companion 3.0 were highlighted by analysts, prompting several firms to raise price targets: Rosenblatt Securities lifted its target from $115 to $130; BTIG from $100 to $125; and Needham from $100 to $130. All analysts maintained “Buy” ratings, citing the company’s “clean” beat‑and‑raise quarter and a rise in non‑current RPO that suggests customers are purchasing longer‑term contracts.