Is Zoom Video Communications Stock a Buy for 2024?
Zoom Video Communications (NASDAQ: ZM) has some big questions to answer for investors in late February when it posts its 2023 fourth-quarter results and issues its outlook for 2024. The company's growth hit a wall through most of last year, and Wall Street reacted harshly to that development. The stock rose just 6% in 2023, while the Nasdaq Composite soared 43%.
It's possible this performance gap set investors up for market-thumping gains in 2024 as Zoom's expansion rate speeds back up. It's also possible that management could disappoint shareholders by showing little progress on their growth initiatives.
Let's look at the prospects for a sustained rebound by this beaten-down tech stock.
Source Fool.com
