As a refresher, the company earned $122 million in revenue and a normalized basic EPS of just $0.01 in Q1 2020. Regardless, the consensus expectations for the company’s results are quite strong, with a broad swathe of analysts expecting the company to earn, on average, an EPS of $0.09 per share on the back of $203.02 million in revenue. Meanwhile, Morgan Stanley analyst Meta Marshall has adopted a more cautious tone vis-à-vis Zoom, noting that the company has not been able to depict an "ability to fully monetize" its user base up till now. Get live NSE/BSE indices updates and latest share/stock market and. On the 27th of May, Baird raised Zoom’s stock price target to $180 from $120 on the back of expectations for “strong” quarterly results and guidance. Invest in share/stock market and mutual funds consulting our experts at IndiaInfoline. Of course, this development comes as Zoom is preparing to announce its Q1 2021 earnings on Tuesday. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium. Nonetheless, the upgrade has only served to add fuel to an already-scorching rally, with Zoom’s stock posting an increase of $23.45 or 13.07 percent as of the midday in the current trading session. Interestingly, even though this constitutes a 57.89 percent increase in the target, the latest benchmark still poses a downside potential of 25.96 percent relative to Zoom’s current stock price at $202.59 (as of 12:11 p.m. On Monday, Rosenblatt raised Zoom’s stock price target to $150 from $95 while maintaining an overall ‘Neutral’ rating.
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