I last analyzed ZM on February 25th, almost exactly 9 months ago. In the near-term, of course, there is the recent emergence of the Omicron COVID variant that is already resulting in travel restrictions.

The big question for ZM, along with a range of other stocks that were perfectly situated to gain during COVID-19, is what longer-term growth looks like. Even after declining 50% over the past 12 months, the shares are still at more than three times their level at the end of 2019. ZM’s huge decline over the past year was preceded by the meteoric growth of the firm during office shutdowns as a result of COVID-19, of course. The jump in shares on November 28th was caused by investors bidding up the prices of work-from-home stocks.ġ2-Month price history and basic statistics for ZM (Source: Seeking Alpha) The shares subsequently declined 16% due to management commentary on muted growth expectations. Zoom reported decent Q3 earnings on November 22nd, beating expected EPS by $0.01 per share and exceeding expected revenue. It has been a long and painful year for Zoom ( NASDAQ: ZM) shareholders, with the shares declining 50%, even with the benefit of the 5.7% jump on November 28th. 10'000 Hours/DigitalVision via Getty Images

Zoom stock price target 2021