The conclusion to this SA article caught my attention, especially after Saul brought to light how many users they have added.
Here’s the eyebrow raising conclusion below:
https://seekingalpha.com/article/4335350-zooms-boom-is-not-o…
Conclusion
I conclude my investment thesis by maintaining the “Buy” call to ZM with a target price of $236.68 by the end of March next year.
Another interesting tidbit:
Zoom Video’s daily U.S. user volumes hit a record 4.84M yesterday, according to Apptopia data.
The company’s active users were up 151% Y/Y in March.
On the same day, Microsoft Teams had 1.56M users and Slack had less than 500K.
Sold some stocks…bought a little ZOOM this afternoon. Lawsuit filed against ZOOM late today in California. Stay well. STJ
I was looking at his model that he bases his target price on. He is predicting that Zoom is making $57 billion in revenue annually in 2030. Could it happen? Why not?