Some investors immediately tune out when they see Zoom Video Communications (NASDAQ: ZM). They lost confidence in the company as growth decelerated sharply amid fading pandemic tailwinds, and the stock is currently down 88% from its all-time high. But Cathie Wood, the CEO and founder of Ark Invest, views the current drawdown as an excellent buying opportunity.

Ark published a valuation model last year that values Zoom at $1,500 per share by 2026, which implies 2,097% upside from its current share price of $68.29. In other words, Wood believes $1,000 invested in Zoom today could be worth $21,950 in a few short years.

Here's what investors should know.

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Source Fool.com