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3 Reasons to Consider Zoom Video Communications Stock Right Now

TheMotleyFool

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3 Reasons to Consider Zoom Video Communications Stock Right Now: https://g.foolcdn.com/editorial/images/767077/worker-in-an-online-meeting.jpg

Investors may have reawakened to the potential of Zoom Video Communications (NASDAQ: ZM). Its performance has lagged since the pandemic-induced bump in usage sent its stock to an intraday high of almost $589 per share in late 2020.

The stock sells at nearly a 90% discount to that peak, and since that time, the company has redefined itself more explicitly around a communications ecosystem. Those improvements inspired Cathie Wood's Ark Invest to forecast an expected price of $1,500 per share by 2026.

Given the company's recent growth, even the Ark Invest bear case of $700 per share in 2026 seems doubtful. Nonetheless, investors may want to still consider buying Zoom stock for three key reasons.

Source Fool.com

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