Zoom Video Communications Inc (NASDAQ:ZM) shares tanked in early trading on Tuesday, after the company reported upbeat third-quarter results.

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

Goldman Sachs On Zoom Video Communications

Analyst Kash Rangan maintained a Neutral rating while raising the price target from $72 to $86.

Zoom Video reported “solid” quarterly results, with revenue beating consensus by 1%, operating margin by 90 basis points (bps), and billings growth by 350 bps, Rangan said in a note. The results indicated “stability in the core,” with Enterprise revenues growing 6% and the company recording record-low online churn, he added.

The stock lost around 5% in after-hours trading on Monday as the company announced a lower-than-expected upward …

Full story available on Benzinga.com