He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. But overall, they see plenty of run left in ZM stock their average 12-month price target of $372.05 gives shares implied upside of about 28% from current levels.ĭan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.Ī long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. That works out to a consensus recommendation of Buy, but with middling-to-low conviction.Īnalysts project Zoom to generate average annual earnings per share growth of 13.8% over the next three to five years. Of the 25 analysts covering ZM tracked by S&P Global Market Intelligence, 11 rate it at Strong Buy, three say Buy, 10 have it at Hold and one calls it a Strong Sell.
The ARK Innovation ETF ( ARKK (opens in new tab)) picked up 157,233 shares worth roughly $45.5 million, while ARK Next Generation Internet ETF ( ARKW (opens in new tab)) purchased 36,847 shares for about $11 million.īack on Wall Street, analysts skew more toward Wood's view of Zoom – albeit with a considerable amount of dissent. The CEO responded to Zoom stock's initial 17% plunge by purchasing roughly 200,000 shares for ARK's flagship ETFs. Cathie Wood Buys the Dip in ZoomĪs much as Zoom bulls might take comfort in Argus Research's take, nothing walks the walk like capital.
"Although the company is competing against some large industry incumbents, it may have just the right mix of innovative technology and strong customer service to take share from these larger competitors," Bonner adds.
Additionally, it aims to become a more broad-based communications platform by enabling third-party developers to create a new applications ecosystem. To that end, it's rolling out product extensions, such as Zoom Phone Appliance. True, ZM can't influence secular demand for its communication services, but it can tilt things in its favor, Bonner notes. The central question for Zoom is whether the pandemic created a secular change in which employees continue to work from home at least part-time - or whether they are forced to return to their offices en masse, the analyst says.
0 kommentar(er)
