Buy ZOOM ahead of their earnings.
I have made several big calls this past month of stocks which I think could rally after their earnings call, and ZOOM is one of them...
Here is a chart break down of ZOOM's price action since its IPO back in 2019.
Stock was earning 120 million trading at $105 a share back in 2019 before Covid19 even existed. The stock has been slaughter the past 24 months falling 90%. However the past 6 months there is real evidence that the stock is trying to form a bottom and I believe the stock is a buy here now that is is only 5% off its all time low.
In Q2 2023 back in August, ZOOM announced new features which they were adding to their service which included AI tools. fast forward 1 month and ZOOM announced that their AI tool had already performed 1 million meeting summaries which suggests that their new AI premium upgrade has been very successful. I expect the stock next Monday after the closing bell to announce higher revenue than expected and this could give a stock with no expectations what so ever the opportunity to rally higher towards my TP of $70 which is 13% higher than where the stock currently trades today.
Here is a chart break down of ZOOM's price action since its IPO back in 2019.
Stock was earning 120 million trading at $105 a share back in 2019 before Covid19 even existed. The stock has been slaughter the past 24 months falling 90%. However the past 6 months there is real evidence that the stock is trying to form a bottom and I believe the stock is a buy here now that is is only 5% off its all time low.
In Q2 2023 back in August, ZOOM announced new features which they were adding to their service which included AI tools. fast forward 1 month and ZOOM announced that their AI tool had already performed 1 million meeting summaries which suggests that their new AI premium upgrade has been very successful. I expect the stock next Monday after the closing bell to announce higher revenue than expected and this could give a stock with no expectations what so ever the opportunity to rally higher towards my TP of $70 which is 13% higher than where the stock currently trades today.