Zoom Video could hit even higher highs after 200% rally this year, traders say

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Zoom Video could hit even higher highs after 200% rally this year, traders agree $ZM (via TradingNation)

While Zoom has gained a widespread name in the stay-at-home lockdown economy, Gordon sees its place well beyond the coronavirus pandemic.

"Following the pandemic, a lot of industries are going to change. The potential applications are enormous for Zoom -- stay at home employees, retail shops doing store walkthroughs, real estate home viewing, online education. The list goes on. There's been some security missteps, but they've addressed it and we continue to remain bullish," said Gordon.

Zoom faced scrutiny earlier this year, including from the New York Attorney General, over how it handled user data -- lapses included sharing information with Facebook.Security remains one of Zoom's greatest risks, warns Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management.

"The biggest risks are sustainability and security -- How and will they turn the participants into paying customers alongside trying to make sure these customers are secure and the networks are secure," said Bapis during the same segment."They have a market share right now unlike any other. It's a massive opportunity for the company," And we believe they can get it done now.

Source: News Formal (newsformal.com)

 

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