(Check out Carter's worthcharting.com for actionable recommendations and live nightly videos.) Zoom Communications (ZM) is a Covid bull market darling that subsequently fell back to earth and has been dead money ever since. The stock is now showing signs of life and judged to be an excellent opportunity on the long side at present. A "ten-bagger", Zoom advanced from $63 in October of 2019 to $589 by October of 2020... only to give it all back and then some, declining 90% from its peak to a low of $55 in the summer of 2024. Yet, since last summer the stock has been inching higher and is judged to be on the throes of a multi-year "bearish-to-bullish" reversal. The three identical charts below tell the tale. We're buyers here. Price Objective: $105+/- DISCLOSURES: None. All opinions expressed
This one-time 10-bagger looks poised to make another run, says Carter Worth
CNBC Investing21 hrs ago
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