Zoom Valuation Reaching 'Washed-Out Levels,' Over 30% Upside Despite M&A Caution
Benzinga
FEBRUARY 23, 2024
After zooming through the pandemic, Zoom Video Communications (NASDAQ: ZM ) stock declined by 15% over the past year, and 13.6% 26 (after market hours), with the Street expecting $1.15 so far this year. The San Jose, California-based company now trades at forward P/E of 12.56 , at a discount to the sector median of 25.4.
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