Zoom is also the focus of several ongoing federal investigations related to its dealings with Beijing, according to the Journal. In 2020, the United States charged a China-based Zoom executive with conspiring to disrupt videoconference commemorations of the 1989 Tiananmen Square democracy protests. government has been increasing its scrutiny of Zoom on several fronts. The panel’s focus was mainly on Zoom’s ties to China. Department of Justice-led panel, named Team Telecom, was investigating the proposed merger’s potential national security risks. The all-time high Zoom Video Communications stock closing price was 568. Earlier in September, The Wall Street Journal reported that a U.S. The latest closing stock price for Zoom Video Communications as of Octois 73.94. The company said that the agreement had not received the required number of votes from Five9 shareholders to approve the merger. This suggests a possible upside of 84.0 from the stock's current price. On average, they predict the company's share price to reach 136.03 in the next year. Their ZM share price forecasts range from 76.00 to 295.00. While no doubt disappointing to shareholders, Zoom. 29 brokers have issued twelve-month price objectives for Zoom Video Communications' shares. The share price is nearly 50 below its all-time high reached before Halloween last year. 30, 2021, Five9 announced that the two parties had mutually agreed to abandon the deal. So far in 2021, ZM stock is down 15 at 286 per share. Five9 shareholders were to receive 0.5533 share of Zoom Class A common stock for each share of Five9 Inc.Īs mentioned above, on Sept. in an all-stock transaction valued at roughly $14.7 billion. The downward trend in Zooms stock price continued into 2021, as ZMs stock price declined marginally by -2 from 337.32 as of Decemto 329.20 as of April 14, 2021. On July 18, 2021, Zoom announced that it had agreed to acquire cloud contact center solutions company Five9 Inc. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Samuel O’Brient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. InvestorPlace contributor Nicolas Chahine recently touted Zoom’s potential for long-term growth, predicting at least 50% upside. Wood isn’t the only one predicting a bullish future for ZM stock, either. Even if the stock doesn’t reach her highly bullish price target, hitting $7oo per share would still be a significant gain for investors. But a vote of confidence from someone like Cathie Wood could be exactly the jumpstart it needs. ZM stock has seen its fair share of bearish energy lately. The exchange-traded fund bought another 100,000 shares of Zoom in May. Tesla was recently beat out for the top position in the ARK Innovation ETF (NYSEARCA: ARKK), however - by none other than ZM stock. Ironically, TSLA stock is another one of Cathie Wood’s top holdings. But Wood’s bullish case effectively denies that things are so black and white. Zoom has a median target price of 277.50 which is an almost 39 premium over its yesterday’s closing prices. Multiple CEOs - including Tesla (NASDAQ: TSLA) CEO Elon Musk - have called for workers to return to the office. In our mean projection, we expect 75% of all global knowledge workers to participate in such arrangements, up from 51% in 2021.” “We believe current pivots back to in-office mandates could be part of a trial-and-error process for employers that will increase the percent of workers in hybrid/remote working models during the next five years. Published yesterday, ARK Invest’s bull thesis for ZM stock argues the following: Start investing in Zoom Video Communications Inc stocks from India now. Even her bearish case “points to a stock price of $700.” That’s a gain of more than six times the current price. Buy Zoom Video Communications Inc Shares from India at 77.46 (0 Commission) today. But Cathie Wood sees a massive bull run in its future. Investors are questioning Zoom’s long-term growth prospects. It is relevant to note Zooms stock price reaction post-1Q FY 2022 (YE January 31, 2021) results announcement, which was released on Jafter trading hours. ( ZM) filed papers in mid-January to raise 1.5 billion in a common stock offering, a move to cash in on a stock price that has soared amid the. As remote work culture has shifted, though, shares have faced turbulence. While markets tanked, ZM spiked alongside Peloton (NASDAQ: PTON) and Shopify (NYSE: SHOP). Zoom is probably most closely associated with the early lockdown days of the pandemic.