This is why you I never sell a market leader disrupting an entire industry. This is a buy and hold and add on corrections stock, much like AMZN, NFLX and AAPL have been for decades. It’s a must own core holding. Where else are you seeing growth like this. Look at the raised guidance as well.
And 24 hours later it closed almost 10% lower than it did prior to the earnings announcement-induced run-up.
Who knew we’d get such an opportunity to add on a correction so quickly ![]()
For the most part, this ZM has basically gone sideways since September 4th. Sure, there have been spikes, all the way up to $568ish or so. But it’s always come back down to just about where it is now.
I’m not convinced ZM is anything like AMZN, AAPL, or NFLX, all of which I have or do own and have followed for over a decade. The fundamental difference between ZM and those three is their target audience. AMZN, AAPL, and NFLX are basically targeting the entire world population of connected people. ZM is really targeting businesses and organizations. There are way more individuals than organizations, which means ZM has a much smaller paying TAM in comparison.
This isn’t to say that ZM isn’t a good investment, just that the comparison isn’t valid IMO. I will likely hold AMZN, AAPL, and NFLX much longer than ZM because of their TAMs vs. ZM’s.
Paul