This Cheaply Valued Tech Stock Could Jump 21%, According to Wall Street Analysts. Should You Start Buying It Hand Over Fist?
Zoom Communications (NASDAQ: ZM) stock has registered healthy gains since hitting a 52-week low around mid-August last year. The stock rose an impressive 37% in just over six months thanks to its gradually improving growth profile, which is being driven by the rising demand for its AI-focused communications tools.However, Zoom stock has witnessed a sharp drop recently as the company's latest quarterly report showed signs of cracks in its growth story. Management released its fiscal 2025 fourth-quarter results (for the quarter ended Jan. 31) on Feb. 24. Though its numbers were ahead of consensus estimates, the stock fell over 8% the following day.Analysts, however, remain upbeat about the stock's performance in the coming year. Its 12-month median price target of $92, as per 38 analysts covering the stock, points toward a potential upside of 21% from current levels. But can Zoom meet Wall Street's expectations and deliver such gains?Continue reading
Zoom Communications (NASDAQ: ZM) stock has registered healthy gains since hitting a 52-week low around mid-August last year. The stock rose an impressive 37% in just over six months thanks to its gradually improving growth profile, which is being driven by the rising demand for its AI-focused communications tools.
However, Zoom stock has witnessed a sharp drop recently as the company's latest quarterly report showed signs of cracks in its growth story. Management released its fiscal 2025 fourth-quarter results (for the quarter ended Jan. 31) on Feb. 24. Though its numbers were ahead of consensus estimates, the stock fell over 8% the following day.
Analysts, however, remain upbeat about the stock's performance in the coming year. Its 12-month median price target of $92, as per 38 analysts covering the stock, points toward a potential upside of 21% from current levels. But can Zoom meet Wall Street's expectations and deliver such gains?
