(For practical recommendations and nightly live videos, check out Mr. Carter’s worthycharting.com.) Zoom Communications (ZM), the darling of the coronavirus bull market, has since fallen back to earth and has been dead money ever since. The stock is currently showing signs of activity, and we believe this is a great opportunity on the long side at the moment. Zoom, the “tenbagger,” went from $63 in October 2019 to $589 by October 2020…and with just a little pull back, it was down 90% from its summer 2024 high to a low of $55. Still, the stock has been creeping higher since last summer, and is judged to be on the verge of a multi-year bear-to-bull reversal. The three identical graphs below speak for themselves. We are the buyers here. Target price: $105+/- Disclosure information: None. All opinions expressed by CNBC Pro contributors are solely their own and do not reflect the opinions of CNBC, NBC UNIVERSAL, its parent or affiliate companies, and may have been previously disseminated on television, radio, the Internet, or another medium. The above is subject to our Terms of Use and Privacy Policy. This content is provided for informational purposes only and does not constitute financial, investment, tax, or legal advice or a recommendation to purchase any securities or other financial assets. The Content is general in nature and does not reflect any individual’s unique personal circumstances. The above may not be appropriate for your particular situation. Before making any financial decisions, you should strongly consider seeking the advice of your own financial or investment advisor. Click here for full disclaimer.
