ZM - Why Zoom Is Still A Buy
2024-05-29 15:08:47 ET
Summary
- Zoom's stock experienced a significant decline after reaching its peak during the COVID-19 pandemic.
- However, Zoom's stock has stabilized and is going through a bottoming process, indicating potential for future growth.
- Zoom's recent earnings report exceeded expectations, and the company has a strong cash position and low valuation, making it an attractive investment option.
Zoom Video Communications, Inc. ( ZM ) was one of the most exciting stocks during COVID-19. Zoom helped an online revolution transpire while the coronavirus ravaged the globe. Zoom's ultra-user-friendly platform enabled millions of people to conduct meetings online, and the stock skyrocketed during this hyper growth phase. Zoom's stock appreciated tenfold within a year, achieving an ATH of around $575 in 2020....
Why Zoom Is Still A Buy