10:15 AM EDT, 08/22/2025 (MT Newswires) -- Zoom Communications ( ZM ) has shown early signs of traction with its artificial intelligence capabilities and contact center as a service, or CCaaS, business, supporting the hybrid work setup, RBC Capital Markets said in a note Thursday.

"We expect that the future of work will likely be hybrid, and we believe Zoom will be a critical component to enabling that hybrid future," analysts said.

The firm also highlighted Zoom's "solid" Q2 earnings results, which topped Street forecasts, and a 4.7% year over year revenue growth, the highest in eight quarters.

RBC raised its price target on the stock to $100 a share from $95, while maintaining an outperform rating.

Shares of Zoom were up more than 8% in recent trading.

Price: 79.21, Change: +6.04, Percent Change: +8.25