Zoom Stock Analysis - Should You Still INVEST in Zoom? Q3 2020 Earnings
Zoom (ZM) has been one of the fastest growing companies of the year, doubling in price multiple times after reporting their Q1 and Q2 earnings this year. With their FY2020 Q3 earning release scheduled for the end of November, coupled with a dramatic drop in their stock price over the past week, I created this video to share my thoughts on the company.
I have owned Zoom stock since the beginning of June, and during that time I saw my position triple in value, as Zoom showed ever increasing revenues and popularity. For the first time since April, however, the stock has experienced a substantial drop due to its categorization as a "Work from Home" stock. There are fears that if people stop working from home in the next few months, Zoom will rapidly lose customers or at least grow at a slower rate, making them less valuable than previously forecast. In this video I walk through the origins of Zoom, their incredibly run-up in value over the past year, and my analysis what I think the future of the stock holds.
None of what I talk about in this video is investment advice; I'm just saying what I have done and explaining my reasoning for it.
_______________________________________
You can get free stocks by signing up for these apps:
► WeBull (Get 3 free stocks valued up to $1600 when you deposit $100):
https://act.webull.com/n/FFUzefM9xum5...
► Robinhood (Get a Free stock when you sign up):
http://join.robinhood.com/kuranm1
► Acorns (Get $5 when you invest $5): https://acorns.com/invite/UEUS6C
I am not a financial or investment advisor. Everything in this video is for entertainment purposes only.