Will Zoom Stock Keep Falling in 2023?
Digital communications company Zoom Video Communications (NASDAQ: ZM) has become a battleground stock. After soaring during pandemic lockdowns, shares are right where they were before. That includes a 60% decline year to date. I wouldn't blame anyone for wondering aloud when the pain will end for shareholders.
It's not an easy picture to paint. There are good reasons why the stock has fallen out of favor with Wall Street. But fear not: When you look at the numbers, Zoom's share price might be closer to the bottom than not. Here's why investors should consider being more bullish on the stock heading into 2023.
The pandemic lockdowns forced people to communicate digitally, which gave Zoom a massive boost. You can see below that revenue exploded by roughly 350% during that time. However, growth retreated as the world opened back up, and the company is now barely growing. The dramatic slowdown has a lot to do with the stock's struggles.
Source Fool.com
