Going forward, the Zoom stock forecast can be informed by the company’s own predictions for how the new fiscal year will pan out. To put that into context, Zoom had a higher turnover in the quarter than it did in 20 combined. In the three months to 31 January, it notched up revenue of $1.07bn, a 21% increase from the same period last year. When results were announced on 28 February for the fourth quarter, Zoom stock predictions proved to be far too conservative. Our Zoom share price forecast below can offer precious clues on where Wall Street thinks the ZM stock is heading next. Can the Nasdaq-listed company prove naysayers wrong and retain users when things get back to normal?
However, whereas Google has post-Covid-19 staying power, analysts are openly wondering whether Zoom’s success will be limited to the pandemic. Very few businesses manage to seep into public consciousness in the same way. But fast forward two years, and it has achieved a rare thing – like Google, the company’s name has now become a verb.
If you were to pick a stock that represented the coronavirus pandemic, you would probably pick Zoom.īefore Covid-19 came knocking in early 2020, the company’s video-conferencing app was not particularly well known.
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