Zoom Video (ZM): The Bull Case Is Cracked, Not Broken

Zoom Video's latest quarter produced a few uninspiring surprises, but analysts (and a popular fund manager) remain largely bullish on ZM stock.

A person using video conferencing
(Image credit: Getty Images)

Zoom Video Communications (ZM, $290.86) is the latest work-from-home stock to come up against difficult comparisons versus last year's torrid pandemic-fueled growth. But most Wall Street analysts – and at least one noted bull – continue to bang the drum for ZM stock.

Argus Research, for one, maintained its Buy rating on shares following the company's steep post-quarterly-results selloff. And no less a market luminary than ARK Invest CEO Cathie Wood – manager of some of 2020's best exchange-traded funds (ETFs) – deployed $57 million to buy the Zoom dip.

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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.