Can Zoom Stock Double Again in 2021?
Zoom Video Communications' (NASDAQ: ZM) stock soared nearly 400% last year as the COVID-19 pandemic turned its video conferencing platform into a household name. However, investors might be wondering if the stock can still generate multibagger gains this year as the pandemic ends.
Let's take a fresh look at Zoom's strengths, its growth rates, and its valuations to see if its high-flying stock could at least double again this year.
Zoom attracted millions of users throughout the pandemic because it was easier to use than many other video conferencing platforms. Its free tier, which provided group calls for up to 40 minutes, roped in new users and nudged them toward paid tiers, which extended the time limit and added premium features like cloud-based recording, transcripts, and single sign-ons.
Source Fool.com
