12 days ago • Posted by William Ramstein
Zoom keeps outperform rating, but price objective is lowered.
Zoom share price pop 350% during the pandemic, one of the largest gainers during covid-19. While Zoom could see a mean reversion as the magnitude of quarterly upside continues to diminish and significantly more of the growth comes from existing customers, it is still expected revenues to grow some more. Most brokerage firms have set an outperform rating on Zoom, but recently an increasing number of them have lowered their projected prices on the stock. Bulls point to a hybrid work environment and a $100B Zoom Phone market as reasons for more to come.