However, Zoom's stock price is still down -34% from its historical peak share price of $568.34 achieved in late-October 2020. Zoom Video Communications' share price has increased by +7% and +51% year-to-date and the last 12 months, respectively. ZM Stock Priceįollowing my article that was published two months ago, ZM's shares were up +10% from $329.20 as of Apto $361.83 on June 16, 2021. Considering these factors, I continue to rate Zoom's shares as Neutral. However, I am positive on Zoom Phone becoming a key growth driver for the company in time to come. Zoom stock is not a good Buy for me now, as its rich valuations are not aligned with the company's slower pace of growth going forward. Zoom's top line is expected to grow in calendar year 2021 (or fiscal year 2022), but its stock price might not increase this year as result of lower growth expectations. In the last two months, Zoom's share price rose by +10%, and its recent 1Q FY 2022 (YE January 31) financial results beat market expectations. This article provides an update on the growth outlook for the company. I initiated coverage on Zoom with my article published on April 15, 2021. I continue to have a Neutral rating for Zoom Video Communications, Inc ( NASDAQ: ZM). Photo by Luis Alvarez/DigitalVision via Getty Images Elevator Pitch
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |