Friday, November 27, 2020

Why Zoom [ZM] Is Super Bullish Right Now

Must read

NVIDIA (NVDA) Stock Lost After Q3 Results, Record Revenues Did Not Help

The graphics chip (GPU) manufacturer NVIDIA Corp. (NVDA) issued its report for the third quarter of the fiscal year 2021 after the close of...

U.S. Indices Started The Week Well, Oil Sector Also Gained

On the back of growing market operation and the results of testing another vaccine, our indexes rose Key-U.S. indices closed in the green zone on...

Oil And Gold Drooped On Thursday, Markets Stimulates On Budget Support Plan

On Thursday, WTI oil dropped 0.2% to $41.74, while gold dropped 0.7% to $1,861.50 an ounce. Domestic oil inventories for the week ended November...

Unity Software (U) Stock Added 7% Last Week After Positive Quarterly Results

The stock of the game engine developer Unity Software Inc. (U) rose 5.58 percent on Friday to conclude the week at $122.80. An optimistic report...

Zoom Video Communications Inc [NASDAQ: ZM] the video communication company had its shares triple on Thursday after Wall Street analysts turned a bullish run following the company’s recent updates on its Analyst Day, and a day before on “Zoomtopia.” One of the analysts AllianceBernstein almost had its target price tripled from $228 to a high of $611.

After Bernstein raised its target price to $611, Zoom stock shot up to trade at $527.72, which is about three and a half percent rise. This price is also as a result of the Zoom updates with promises of new product releases. This meteoric rise has occurred just within the pandemic period when people began working at home. Before the pandemic, Zoom shares were at $100. With people working at home, and more users getting into the network, Zoom has transformed from just being a simple video communication company, to a $150-billion company.


Trading Powerhouse Gifts 12 Stock Market Lessons For Free

Get 12 free stock market lessons delivered to your email from Investor's Business Daily, the leader in investing education for over 35 years. We’ll cover the basics of better investing and show you how to give yourself an edge in the market.

GET FREE LESSON outside the norm.

Sponsored


Rogers continues to say that with a PE of over 600, and with Zoom price heading to surpass the $600 mark, it is bound to grow even bigger. The company has the potential of becoming the next Facebook, Netflix, or just another big communication company. The potential that this company has is still so huge, and this is the reason why Bernstein is very optimistic.

Dan Roberts has a rather cautious approach to all the noise going around about Zoom being the next big thing. He is quick to point out that the $150 billion cap is not based on actual revenue, but potential value. It is true it has had substantial growth, but it is not the only company providing such services. There are the likes of Google Hangouts and Skype, which has since lost its trail and others. Zoom is becoming a generic name, where users claim to have zoom calls but end up using a different platform altogether. Roberts’ advice is that analysts need to put some brakes on the bullish trends.

Melody Hahm views it differently. She says that Zoom has taken a different approach. While other communication companies like Facebook and Spotify were more of recreation and leisure, Zoom has taken the corporate way, showing businesses and companies that they can have serious connections on this platform. This approach, coupled with the need to work at home during the pandemic, has even changed the narrative of working from home to living at work. It is this new use of Zoom that gives it such potential for growth.

 

Get The Best Stocks To Trade Every Day!

Join now to get the DBTnews.com pre-market morning brief 100% free

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

NVIDIA (NVDA) Stock Lost After Q3 Results, Record Revenues Did Not Help

The graphics chip (GPU) manufacturer NVIDIA Corp. (NVDA) issued its report for the third quarter of the fiscal year 2021 after the close of...

U.S. Indices Started The Week Well, Oil Sector Also Gained

On the back of growing market operation and the results of testing another vaccine, our indexes rose Key-U.S. indices closed in the green zone on...

Unity Software (U) Stock Added 7% Last Week After Positive Quarterly Results

The stock of the game engine developer Unity Software Inc. (U) rose 5.58 percent on Friday to conclude the week at $122.80. An optimistic report...

Oil And Gold Drooped On Thursday, Markets Stimulates On Budget Support Plan

On Thursday, WTI oil dropped 0.2% to $41.74, while gold dropped 0.7% to $1,861.50 an ounce. Domestic oil inventories for the week ended November...

Tesla, Inc. (TSLA) Joins S&P 500;Morgan Stanley Raises EV giant Price Target

Wall Street analyst goes bullish on Musk’s EV maker as they see high-margin in firm’s potential software and services segment. Moreover, Tesla’s inclusion in...

Get The Best Stocks To Trade Every Day!

Join now to get the DBTnews.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the DBTNews.com pre-market morning brief 100% free

We do not sell or share your information with anyone.