Zoom Communications' (ZM) Zoomtopia will be a key event to assess proof points of artificial intelligence monetization, RBC Capital Markets said in a note Wednesday.
Analysts said they will be focused on new AI product announcements that expand total addressable market, as well as adoption and monetization trends for ZoomMate.
They will also look for updated AI engagement metrics and how they relate to improvements in net dollar expansion, along with updates to the company's long-term financial outlook and capital allocation priorities, according to the note.
The key debate remains "whether Zoom's broadening AI portfolio can sustainably inflect revenue growth reacceleration," analysts said.
RBC Capital Markets maintained its outperform rating and $130 price target on Zoom Communications.
Shares of the company were down 1.5% in Wednesday trading.
Price: 96.72, Change: -1.44, Percent Change: -1.47
