Zoom Communications rated Buy with strong finances and growth potential, including Anthropic AI stake.

Zoom Communications is rated Buy due to its strong financial position, including zero debt and $7.82 billion in cash, allowing it to invest strategically and withstand market volatility. The company projects FY27 revenue between $5.065 billion and $5.075 billion, with free cash flow of $1.7 to $1.74 billion, showing resilience despite macroeconomic uncertainties. Additionally, Zoom's valuable stake in Anthropic AI adds to its growth potential, though competitive risks remain. The valuation suggests upside in Zoom's core business and further gains when factoring in the Anthropic investment.