Is ZM stock a buy or sell? (2024)

Is ZM stock a buy or sell?

Out of the 24 analyst ratings given to Zoom stock, six are Buys, 16 are Holds, and two are Sells, indicating a Hold consensus rating. The average ZM stock price target is $77.68, indicating upside potential of 26% from current levels.

Is ZM stock a good buy now?

ZM Analyst Recommendation Trends

In the current month, ZM has received 7 Buy Ratings, 21 Hold Ratings, and 3 Sell Ratings. ZM average Analyst price target in the past 3 months is $77.68.

Is LegalZoom a buy or sell stock?

LegalZoom's analyst rating consensus is a Moderate Buy.

What is Zoom's forecast for 2025?

For fiscal 2025, Zoom said it expects earnings of $4.86 per share at the midpoint of its outlook vs. estimates of $4.66 per share. The company said it expects revenue of roughly $4.6 billion vs. estimates of $4.637 billion.

Does Zoom have a future?

It subsequently grew its revenue at a CAGR of 14% over the following 29 years. To match that impressive growth rate, Zoom will need to make a few major acquisitions to remain a leader in the global video conferencing market, which Fortune Business Insights estimates could still grow at a CAGR of 12% from 2023 to 2030.

Should I sell ZM stock?

Out of 13 analysts, 3 (23.08%) are recommending ZM as a Strong Buy, 1 (7.69%) are recommending ZM as a Buy, 7 (53.85%) are recommending ZM as a Hold, 1 (7.69%) are recommending ZM as a Sell, and 1 (7.69%) are recommending ZM as a Strong Sell. If you're new to stock investing, here's how to buy Zoom stock.

Is Zoom a good long term stock?

Zoom is improving its financials

In 2023, revenue increased by only 3% yearly to about $4.5 billion. Admittedly, that rate of increase is unlikely to inspire growth investors, particularly because Zoom forecasts a 2% rise in revenue in 2024. However, it reduced its operating expenses over time.

Is LegalZoom a profitable company?

LegalZoom.com, Inc. Revenue was $158.7 million for the quarter, up 8% year-over-year. Transaction revenue was $51.9 million for the quarter, compared to $55.3 million in the same period in 2022, down 6% year-over-year.

How do you know if a stock is a buy?

Is LegalZoom a legit business?

LegalZoom ties for the No. 6 spot in our 2024 ratings of LLC formation services. The company sells a full range of legal services for businesses and individuals. Its three LLC formation packages range in price from $0 plus state fees for the Basic plan to $299 plus state fees for the Premium plan.

How high can Zoom stock go?

Main Takeaways: Zoom Stock Forecast 2024-2030

Price Today: There is a general trend towards moderate growth, with today's Zoom price at $59.43. Price for 2024 (as for February 22, 2024): Predictions show either steady performance or extreme volatility, with forecasts ranging from as low as $35.663 to as high as $100.

What is the ZM forecast for 2024?

According to our current ZM stock forecast, the value of Zoom Video Communications shares will rise by 2.14% and reach $ 63.16 per share by April 20, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).

What will Zoom stock be worth in 5 years?

Zoom Video stock price stood at $59.54

According to the latest long-term forecast, Zoom Video price will hit $60 by the middle of 2024 and then $80 by the end of 2025. Zoom Video will rise to $85 within the year of 2026, $95 in 2027, $100 in 2028, $110 in 2029, $125 in 2031 and $150 in 2035.

Why is Zoom shutting down?

System Overload. Similar to hardware incompatibility, slow or overloaded system can cause Zoom crashing. Since the app requires a significant portion of your device's memory, opening multiple applications and windows can affect how it runs.

Will Zoom ever rebound?

Short-term expectations for Zoom are modest around growth, with fourth-quarter sales predicted to rise by just 1% year over year. Most Wall Street pros are looking for full fiscal-year gains of around 3%, too, as revenue lands at $4.5 billion compared to $4.4 billion in fiscal 2023 and $4.1 billion in fiscal 2022.

Why is Zoom being discontinued?

The app has no other features and the company has also not updated it in a while. One of the reasons why Zoom is shutting down this app is because it is “built on an aging technology”. The app is a “traditional” Chrome app which hasn't been particularly relevant for a few years now”.

Is ZM stock undervalued?

NASDAQ: ZM

The company also just authorized a $1.5 billion buyback plan, which is equivalent to about 7% of its outstanding shares and implies the stock is undervalued. However, analysts expect Zoom's adjusted EPS to dip 5% in fiscal 2025 and only rise 1% in fiscal 2026.

What is the future outlook for Zoom stock?

Zoom Video Stock Forecast

The 20 analysts with 12-month price forecasts for Zoom Video stock have an average target of 77.6, with a low estimate of 60 and a high estimate of 95. The average target predicts an increase of 30.53% from the current stock price of 59.45.

Who owns ZM stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., ARK Investment Management LLC, ARKK - ARK Innovation ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Sumitomo Mitsui Trust Holdings, Inc., Nikko Asset Management Americas, Inc., Newlands Management Operations LLC, State Street Corp, ...

Why is Zoom stock price so low?

Zoom Stock: How the Company Lost Its Growth Momentum

However, the revenue growth slowed down to 54.4% in the next year, and decelerated even further to 7.1% in the fiscal year 2023. In the fiscal year 2024 (ended Jan. 31), Zoom's revenue rose a mere 3.1%.

Is Zoom profitable?

Zoom's business is also profitable

It's important for growth investors to see that the company's operations are sustainable. And with positive earnings often comes strong free cash flow. In the trailing 12 months, Zoom has brought in more than $1.3 billion in free cash.

Does Zoom have any debt?

Zoom Video Communications has a total shareholder equity of $8.0B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $9.9B and $1.9B respectively.

Why not to use LegalZoom?

The documents they give you too often fail to meet your company's unique needs, they are not maintained to reflect recent developments (and opportunities) in the law, you have no recompense for malpractice due to their extensive disclaimer, and it's very hard to make up for a badly written management agreement or ...

Who bought LegalZoom?

Cooley previously advised LegalZoom on its $705.7 million initial public offering in July 2021, $500 million secondary investment in August 2018 and equity acquisition by Permira in February 2014.

How much is LegalZoom a month?

Customers can purchase LegalZoom's six-month business advisory plan for a monthly fee of $43.17 or its 12-month plan for $39.09. Business licenses: Depending on the industry, your business will require various licenses and permits to operate legally. Starting at $99, LegalZoom takes care of this legal hassle for you.