2024-06-13 00:21:49 ET
Summary
- Zoom is investing in AI technology, including the recently launched AI Companion, to enhance its unified communications-as-a-service platform.
- The company has yet to monetize AI Companion but has seen rapid growth with over 510,000 accounts signing up since September 2023.
- ZM stock is currently undervalued, with a projected fair value of $86, implying a nearly 30% upside, and the company has a large cash position.
Zoom Video Communications, Inc. (ZM) is a communications software company based in San Jose, CA that enables large enterprises, small businesses, and individuals to host virtual meetings and collaborate with clients, co-workers, and other stakeholders. Recent investments in AI technology (namely the recently launched AI Companion) should propel the stock higher from here....
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For further details see:
Zoom Video Communications: Market Leader Priced At A Bargain Valuation