#1 - Zoom Video Communications (NASDAQ:ZM)
Zoom Video Communications When workers are given the “all clear” to return to work, some workers are going to realize that they don’t want to return to business as usual. And with Zoom (NASDAQ:ZM), they may not have to.
Zoom has been around since 2011. Since that time, many businesses have discovered that Zoom’s video conferencing and work collaboration tools are a good way to lower travel budgets. But the coronavirus may be the catalyst that makes working from home a viable alternative for some workers. Demand has been strong for the company’s platform.
The company just went public last year. And although the stock has more than doubled since its initial public offering (IPO) nearly all of that growth has happened since the beginning of 2020. Plus, the stock is up over 30% in the last month. The stock has come down a bit from its all-time high, but demand for the company’s software is only likely to increase.
About Zoom Video Communications
Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.
Read More - Current Price
- $80.36
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 13 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $76.61 (4.7% Downside)
