Is Zoom Video Stock Getting Too Cheap to Pass Up?
Zoom(ZM) MarketBeat·2024-04-24 11:06
Key PointsZoom Video shares recently hit new 52-week lows at $59.01, 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 $75 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 ...