Jasmine1205
2023-10-13

$Zoom(ZM)$  bullish Zoom (NASDAQ:ZM), while not at its pandemic peak, remains a top choice for digital classrooms. With more than 50% market share in 2022, it’s deeply entrenched in this sector. Despite slower growth, Q2 revenue increased by 3%. Analysts predict gradual growth to 11.7% in 2027 and double-digit earnings per share growth by 2028.

The stock recently received an “outperform” rating from Royal Bank of Canada, with a price target of $95.00, suggesting a potential 46.85% upside from the previous close.

Zoom’s future growth hinges on corporate success and expanding its role as a comprehensive business communication platform. In 2023, its stock has seen a modest 2% gain, trailing other software stocks. Despite this, Zoom holds a robust cash reserve of around $6 billion.

💰 Stocks to watch today?(26 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment