For the fiscal fourth quarter, Zoom forecast adjusted earnings of $1.06 to $1.07 per share on $1.051 billion to $1.053 billion in revenue, which implies 19% growth. 31, slowing from 54% growth in the quarter before. Zoom's revenue increased 35% from a year earlier in the quarter, which ended Oct.

'Moderating growth has been, and could continue to be a near-term stock headwind, though we remain positive on the long-term growth and platform opportunity particularly as the growth rate troughs over the next couple quarters,' Baird researchers wrote Tuesday. But Wall Street is generally still bullish on Zoom's future. Zoom is an easy and reliable cloud platform for video & voice chat, as well as content sharing. So, is this a buying opportunity Zoom’s exploding stock price in 2020. 'While we're positive on Zoom's strategic initiatives and investments in key growth areas, we find it tougher to like a stock with more sharply decelerating growth and incremental pressure on profitability,' Deutsche Bank wrote in a note Tuesday.īaird, Guggenheim, Wells Fargo, Stifel, UBS, Piper Sandler and KeyBanc also dropped their price targets. Although the Zoom stock price surged in 2020, it’s down over 11 since the start of 2021 and down by 21 over the last 12 months. BTIG, which lowered its price target to $400 from $460, reiterated its buy rating but said the cut was to 'better reflect current market sentiment and group multiple compression.' Deutsche Bank Research also lowered its 12-month target to $280 from $350. Further fueling the stock's sell-off, a slew of Wall Street analysts lowered their price expectations for Zoom shares Tuesday morning, with Deutsche Bank's Matthew Nikam noting the 'sharply.

Zoom stock price 2021