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Zoom could soar another 57% as work-from-home will continue long after the pandemic era, says a senior stock analyst
D.A. Davidson's Rishi Jaluria believes Zoom will be an essential product long after the coronavirus vaccine is deployed and workers return to offices.
The managing director and senior research analyst told CNBC on Wednesday Zoom could surge another 57% to $600 following its incredible rally this year.
"No one is going to be a hundred percent remote or 100% in the office, and I think zoom for example, is a critical part of making that happen," the analyst said.
Market Summary
Zoom Video Communications Inc
158.65 USD
Jan 18