1 Growth Stock That Could Soar 2,043% by 2026, According to Wall Street
Earlier this year, Ark Invest published a valuation model that prices Zoom Video Communications (NASDAQ: ZM) at $1,500 per share by 2026. That implies 2,043% upside from its current share price, meaning shareholders would see 21-fold returns in just over four years. Of course, CEO of Ark Invest Cathie Wood has earned a reputation for setting aggressive price targets that are easily dismissed -- but investors would be wise to at least consider the investment thesis for Zoom.
In 2019, Wood valued Tesla at $4,000 per share -- or $266.67 per share on a split-adjusted basis -- and while that forecast seemed preposterous at the time, Tesla stock actually topped her price target, peaking at $409.97 per share in 2021.
Is Wood right about Zoom?
Source Fool.com
