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Is Zoom Video Stock Getting Too Cheap to Pass Up?
ZMZoom(ZM) MarketBeat·2024-04-24 11:06

Key PointsZoom Video shares recently hit new 52-week lows at 59.01,creatingapotentialvalueopportunity.ZoomVideohas59.01, creating a potential value opportunity.Zoom Video has 7 billion in cash, representing nearly 40% of its market cap.Zoom Video stock was upgraded to a Buy with a 75pricetargetbyRosenblattSecurities,citingthecombinationofarefocusedchannelstrategy,momentuminZoomPhone,contactcenterasaservice(CCaaS)marketimprovement,healthybalancesheetandthe75 price target by Rosenblatt Securities, citing the combination of a refocused channel strategy, momentum in Zoom Phone, contact center-as-a-service (CCaaS) market improvement, healthy balance sheet and the 1.5 billion stock buyback program.5 stocks we like better than Zoom Vid ...