Zoom Communications, Inc. (NASDAQ:ZM) ranks on our list of the 8 most undervalued cloud stocks to buy according to analysts.

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As of March 20, 2026, analysts remain constructive toward Zoom Communications, Inc. (NASDAQ:ZM), with 56% of analysts covering the stock maintaining bullish ratings. The consensus price target of $97.50 implies an upside potential of 25.14%. The stock remains on analysts’ radar as it accelerates its AI strategy.

Revisiting Zoom Communications, Inc. (NASDAQ:ZM), Needham & Company reaffirmed a “Buy” rating on the stock with a price target of $100.00 on March 13, 2026. This indicates substantial potential for stock appreciation relative to its current trading level of $76.61.

The investment firm highlighted that investor concerns are predominantly focused on Zoom Communications, Inc. (NASDAQ:ZM)’s ability to capitalize on AI investments, although it contends that Zoom’s growth potential remains undervalued. Products like ZVA 3.0 and Custom AI Companion 3.0 were cited as major drivers, with the firm also adding that the current sell-off, which followed lower-than-anticipated FY 2027 free cash flow, offers investors an attractive entry point.

Meanwhile, on March 10, 2026, Zoom Communications, Inc. (NASDAQ:ZM) unveiled the expansion of its enterprise agentic AI platform, incorporating workflow orchestration across Zoom Workplace, Zoom Phone, and Zoom CX. The development supports the automation of tasks across different systems directly from chats, removing common inefficiencies experienced by companies.

Zoom Communications, Inc. (NASDAQ:ZM) is a cloud-based communications and collaboration platform operating worldwide, including the Americas, Asia Pacific, and EMEA, providing video, voice, and chat solutions for organizations. Its headquarters are in San Jose, California.

While we acknowledge the potential of ZM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years  Disclosure: None. Follow Insider Monkey on Google News.