ZM - Zoom Valuation Reaching 'Washed-Out Levels' Over 30% Upside Despite M&A Caution | Benzinga
After zooming through the pandemic, Zoom Video Communications (NASDAQ:ZM) stock declined by 15% over the past year, and 13.6% so far this year.
The San Jose, California-based company now trades at forward P/E of 12.56, at a discount to the sector median of 25.4. It is set to report fourth-quarter earnings on Feb. 26 (after market hours), with the Street expecting $1.15 in EPS and $1.11 billion in revenue.
The Zoom Video Analyst: JPMorgan analyst Mark R. Murphy rates the stock Neutral with a price target of $83. This implies an upside of 33.69% from a price of $62.12 a share.
The Zoom Video Thesis: Murphy outlined the market dynamics surrounding Zoom. Zoom’s cloud-based platform has expanded beyond video conferencing to include chat, phone, events, webinars, conference room systems, and contact center services, amassing over 200,000 global enterprise customers.
Murphy ...