Cathie Wood: Zoom to Soar 1828% from its 52 week Low

 add   Which US Stocks and Sectors Will Win in 2022

Published Jul 01 '22. Last edited Jan 06 '23

Prediction   #bullishcall #arkinvest #stockpick #remoteworking #artificialintelligence #zm  

#stockpick #bullishcall #zm

  • Zoom is a leader in videoconferencing software, and it is gaining traction in the cloud phone and contact center markets.
  • Revenue growth slowed to 8% in the most recent quarter, and free cash flow dropped 50%.
  • Zoom stock currently trades at 5.7 times sales, its cheapest valuation as a public company.

pc[Zoom stock saw a huge boost from the pandemic, but #ARKInvest thinks that's only the early shoots of growth. Using a sophisticated Monte Carlo model, ARK's analysts present a most likely price target for ZOOM stock - $1,500 a share by 01/01/2027. ]ce #checkbyYE2026 Predicted By Cathie Wood.

This estimate is based on lots of assumptions that can't be proven because Zoom uses a different language than ARK is using. One key driver? The use of #artificialintelligence by Zoom to build products for knowledge worker productivity. If you invest in Zoom stock, do it based on your own convictions, not the wildly optimistic outlook presented in ARK's valuation model. Just because #RemoteWorking boomed during the pandemic doesn't mean the trend will continue.


 

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