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Zoom’s 85% Selloff Has Analysts Calling for a Rally

  • Stock’s $135 billion value wipeout has gone too far: analysts
  • Company seen flourishing as a hybrid work services provider
Zoom is still showing growth in its key metrics. 

Zoom is still showing growth in its key metrics. 

Photographer: Tiffany Hagler-Geard/Bloomberg
Updated on

The selloff in Zoom Video Communications Inc.’s stock may have gone too far.

That’s the message from Benchmark Co.’s Matthew Harrigan and other analysts, who say the video-conferencing company is well positioned as a hybrid work services provider after riding the stay-at-home boom. And with the stock having cratered almost 85% from its 2020 pandemic peak, wiping out about $135 billion of market value, they see scope for a rally.