Will Zoom Video Make a Comeback in 2023?
Two years ago, a lot of people were using Zoom Video (NASDAQ: ZM) daily. Now, many people aren't using the product as frequently, but it is still heavily used in the business world.
However, the hype about Zoom's stock has completely dissipated. The stock that briefly traded above $560 per share now sits 87% lower at roughly $70. In fact, the stock is only up 13% since its initial public offering (IPO) in 2019 despite its world-changing (some could even argue saving) product. So is the stock severely undervalued? Or is it right where it should be? Let's see if 2023 could be the year of the Zoom Video comeback story.
Nearly everyone has used Zoom's free product at this point, but it also has other offerings like Zoom Phone (a voice of internet protocol (VoIP) system), Zoom Whiteboard, and a team chat product. This offering, known as Zoom One, is "everything you need to work together, all in one place," according to Zoom.
Source Fool.com
