3 Reasons to Consider Zoom Video Communications Stock Right Now
ZMZoom(ZM) The Motley Fool·2024-03-03 20:20

Investors may have reawakened to the potential of Zoom Video Communications (ZM 0.25%). Its performance has lagged since the pandemic-induced bump in usage sent its stock to an intraday high of almost 589pershareinlate2020.Thestocksellsatnearlya90589 per share in late 2020. The stock sells at nearly a 90% discount to that peak, and since that time, the company has redefined itself more explicitly around a communications ecosystem. Those improvements inspired Cathie Wood's Ark Invest to forecast an expected price of 1,500 per share by 2026. Given the ...