This is not a value stock (trailing PE of 58), but by today's growth stock valuations, it's got upside from the recent post earnings range of $195-$225. I think $400 by February is a stretch, but $250 by year end? Sure, why not. Most companies with white collar professionals will still do hybrid workplace, so the vertical growth is not there like in 2020.īut I think people underestimate how important it is for small businesses, schools, local government that don't have a big fancy IT department to be able to use a simple standalone video conferencing app that works well on desktop, ipad, and phone. I don't think the potential lockdowns from the Omicron variant will make that much of a difference. WebEx: terrible performance, resource hog Teams: still clunky interface and non-intuitive for ordinary users. Though there are competitors, they all have problems relative to Zoom which has kept a simple easy to use interface and has focused on video quality (low latency). The Census Bureau will also release the durable-goods report for July on Wednesday and the Bureau of Economic Analysis reports personal income and spending figures for July on Friday.I think people are too quick to write off Zoom. Thursday is a busy day for earnings with Alibaba Group Holding, Costco Wholesale, Dell Technologies, Dollar General, Dollar Tree, Gap, Macy's, and Ulta Beauty all set to report.Įconomic data out this week will include S&P Global’s Manufacturing and Services Purchasing Managers’ indexes for August on Tuesday. With NVDA and SNOW both reporting, there will certainly be a focus on data centers on Wednesday. Wednesday's earnings include Dick's Sporting Goods, NVIDIA, and Snowflake. SoFi Technologies SOFI is a nascent consumer fintech company with massive growth potential. Home Builders like TOLL are trading near record high normalized free cash flow yields. A WallStreetBets Stock Poised To Explode. Tuesday's earnings include AutoZone, Best Buy, and Toll Brothers. We expect Zoom to continue to face headwinds from Microsoft Teams. Zoom (ZM) stock forecast: Bargain opportunity Zoom Stock Falls 8 on Earnings and Sales Puts on Zoom (ZM) earnings tonight : r/wallstreetbets MonoZoom.
Monday's highlights include earnings from Advance Auto Parts and Zoom Video Communications.
Economists will also be watching the latest Federal Reserve meeting minutes and data on consumer earnings and spending and business investment. This week, earnings season winds down with a little more than a dozen of S&P 500 companies set to report.
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