- #ZOOM STOCK FORECAST 2021 DRIVERS#
- #ZOOM STOCK FORECAST 2021 PRO#
- #ZOOM STOCK FORECAST 2021 SOFTWARE#
- #ZOOM STOCK FORECAST 2021 TRIAL#
- #ZOOM STOCK FORECAST 2021 FREE#
#ZOOM STOCK FORECAST 2021 DRIVERS#
Nevertheless, he expects the company's tailwinds to sustain post-pandemic and that there are additional incremental growth drivers yet to come.
#ZOOM STOCK FORECAST 2021 FREE#
analyst Rishi Jaluria, who maintained his "buy" rating and $600 price target on Zoom's stock, wrote in an analyst note that Zoom shares declined partially on gross margins that were light of consensus and down sequentially, driven by the volume of free users and higher public cloud usage. "Zoom continues to be in the pole position to enable a remote and hybrid large enterprise workforce for years or even decades to come," Zukin wrote.ĭ.A. However, Zukin predicted that the company is primed for a successful fourth quarter, given the traditional heavy enterprise buying cycles in the holiday season, and said the business model overall has staying power. "While growth vectors are numerous, we estimate a material sequential decrease in gross and net bookings despite positive commentary around churn across all segments." "Unlike last quarter, second-derivative metrics showed deceleration, which makes some investors incrementally nervous about what post-COVID revenue growth will look like," Zukin wrote in his analyst note. RBC Capital Markets analyst Alex Zukin also reiterated his "outperform" rating on Zoom's stock and reduced his price target to $550 from $600, noting that the company may lose some of its momentum going forward. The analyst reiterated his "outperform" rating on Zoom's stock, but lowered his price target to $525 from $575 in response to the fiscal fourth-quarter guidance. Seyrafi noted, for instance, that Zoom grew its base of large customers, with 1,289 customers generating more than $100,000 in trailing-12-months revenue as of the most recent period, up 136% year over year.
"We realize that investors may wish to sell shares of Zoom as a COVID vaccine is expected to be widely distributed in the US around May/June of 2021, but we believe that Zoom will continue to be widely used even after such a vaccine is distributed as we believe that the future of work and play is a hybrid one," FBN Securities analyst Shebly Seyrafi wrote in a note to clients. But analysts largely say that fears about whether the company can maintain its success after people return to offices and schools in great numbers are overblown.
#ZOOM STOCK FORECAST 2021 TRIAL#
10, after pharmaceutical company Pfizer announced positive trial results of its COVID-19 vaccine. 6 and incurred its sharpest drop to $376.10 on Nov. The company's stock hit an all-time high of $500.11 on Nov. It's not the first indication that some investors are worried about Zoom's future.
#ZOOM STOCK FORECAST 2021 SOFTWARE#
Even so, that closing price represented year-to-date growth of nearly 500% for the application software company's share value. The stock immediately lost about 5% in after-market trading Nov. But the stock fell after the company forecast slowing growth ahead, predicting a gain of about 329% in revenue for its fiscal fourth quarter. 30, Zoom beat company and analyst estimates for its fiscal third quarter, with revenue up 367% year over year to $777.2 million, representing its third consecutive period with triple-digit percentage growth. Get Elliott Wave Analysis on over 70 instruments including GOOGL, TSLA, AAPL, FB, MSFT, GDX and many many more.Zoom Video Communications Inc.'s meteoric rise in 2020 is unlikely to unravel in 2021, despite investor skittishness about the resilience of the work-from-home software boom after the COVID-19 pandemic subsides, analysts said.
#ZOOM STOCK FORECAST 2021 PRO#
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The 90.10 area should give a bounce in 3 waves at least. At this time, I do not favour that to happen. Any violation of the all time lows and this stock is able to sink further down in extension. The area to watch for buyers to enter is the 90.10 100% area. Zoom has already favoured to have set the (W) (X) connector in blue, and now declining in the final swing before Red II can be set. The ((X)) wave turned out to be a sharp reaction and has already confirmed the next leg lower after taking out the ((W)) low.
The stock didn’t bounce as high as I was expecting before again turning back down. Medium term view from the ((X)) peak set in July 2021 406.48. Fast forward today, and lets see how the forecast turned out. Zoom Elliottwave June 2021 View:Īt the time, the structure was supporting further upside within ((X)) before another swing down was to take place. At the time, I was expecting another swing down to take place in a larger wave II correction. The last time I looked at this name was in June 2021.
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