Zoom Shares Jump as Anthropic IPO Filing Boosts AI Stake

Shares of Zoom Video Communications rose 11% to $112.86 on Monday after Anthropic disclosed it had confidentially submitted draft registration paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering.

Zoom’s venture arm invested $51 million in Anthropic in 2023. Zoom reported that stake is now valued at more than $1 billion. In late May the company disclosed an additional $46 million of investment made between the end of January and April, increasing its exposure to Anthropic.

The confidential filing drew investor attention to Zoom’s venture portfolio and the potential impact of an Anthropic IPO on the value of those holdings.

Zoom has also rolled out ZoomMate, an AI-powered work surface available in North America at a starting price of $20 per user per month. ZoomMate converts meeting discussions into tasks and links meeting context with search features, workflow automation, custom AI agents and AI-generated content tools.

Several analysts raised price targets after Zoom reported first-quarter fiscal 2027 results that exceeded expectations for revenue, operating income and free cash flow. Rosenblatt raised its target to $130, citing an earnings beat and higher guidance. Benchmark increased its target to $125 while maintaining a Buy rating. Piper Sandler lifted its target to $107 and noted modest revenue growth. Cantor Fitzgerald raised its target to $104, pointing to growing adoption of Zoom’s AI and communications products.

Anthropic is a generative AI startup that has attracted investor interest as companies deploy large language models and other AI tools. The company’s confidential IPO filing highlighted the value of early investments by nontraditional backers such as Zoom.

The Anthropic filing, the ZoomMate rollout and the stronger quarterly results were reflected in the stock move and in the analyst updates.