The Street is unclear on how to value Zoom as its growth slows with people returning to offices and schools, despite the lingering pandemic.
So the only course of action right now it seems — sell Zoom’s stock (ZM) and wait for more stable waters.
“We are wary of a potential demotion for Zoom from hyper-growth to growth at a reasonable price,” said Citi analyst Tyler Radke, following Zoom’s underwhelming second quarter results Monday evening. Radke called the earnings report…
Source link
