#7 - Zoom (NASDAQ:ZM)
Ever since the days of Star Trek, the idea that video chatting would be ubiquitous seemed like a foregone conclusion. But a funny thing has happened. We have a generation, and maybe more than one, that prefers text to video at least as it relates to human communication.
And even in the business world, the idea of video calls just didn’t seem to cut it. But when businesses and employees had no other choice, a company like Zoom (NASDAQ:ZM) had its moment. And it appears that it’s here to stay.
Kate Lister, president of the consulting firm Global Workplace Analytics, says it’s possible that 25 percent of employees will continue working from home multiple days a week after employees are given the all-clear to return to work. Companies like Twitter (NYSE:TWTR) have already said some employees can work from home indefinitely even after a vaccine.
This isn’t all about employee safety. Now that businesses have made the investment in work-from-anywhere technology, they are rethinking the necessity of their physical locations.
ZM stock has climbed over 280% for the year.
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
- $81.14
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 13 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $76.26 (6.0% Downside)
