(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Zoom Communications (ZM) is a Covid bull market darling that subsequently fell back to earth and has been dead money ever since. The stock is now showing signs of life and judged to be an excellent opportunity on the long side at present. A “ten-bagger”, Zoom advanced from $63 in October of 2019 to $589 by October of 2020… only to give it all back and then some, declining 90% from its peak to a low of $55 in the summer of 2024. Yet, since last summer the stock has been inching higher and is judged to be on the throes of a multi-year “bearish-to-bullish” reversal. The three identical charts below tell the tale. We’re buyers here. Price Objective: $105+/- DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
