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published in Blogs
Oct 15, 2020

Zoom Video (ZM, $530.22) gets price target raises following new features

Zoom Video Communications  got analyst target-price hikes, on  the launch of its new features. 

Zoom launched several features including events platform OnZoom yesterday.

AllianceBernstein almost tripled its share-price target on the audio-video communications company to a Wall Street high $611, from $228. The bank cited total meeting minutes growing 30 times on Zoom over the last year.

RBC Capital Markets affirmed its  outperform rating on Zoom Video and boosted its to $600 from $450. RBC said it had increased conviction in the potential for durable hypergrowth, with a potential path to 60% growth next year.

Both Rosenblatt Securities and Piper Sandler also hiked their share-price targets on Zoom, to $450 from $350 and to $501 from $411 respectively.

According to Tickeron, 

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for ZM moved out of overbought territory on October 14, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 similar instances where the indicator moved out of overbought territory. In 13 of the 17 cases, the stock moved lower in the following days. This puts the odds of a move lower at 76%.

The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Moving Average Convergence Divergence Histogram (MACD) for ZM turned negative on September 30, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 13 similar instances when the indicator turned negative. In 10 of the 13 cases the stock turned lower in the days that followed. This puts the odds of success at 77%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 12, 2020. You may want to consider a long position or call options on ZM as a result. In 24 of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 89%.

ZM moved above its 50-day Moving Average on August 17, 2020 date and that indicates a change from a downward trend to an upward trend.

Following a +3.76% 3-day Advance, the price is estimated to grow further. Considering data from situations where ZM advanced for three days, in 88 of 97 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.

The Aroon Indicator entered an Uptrend today. In 92 of 95 cases where ZM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 88%. During the last month, the daily ratio of advancing to declining volumes was 1.64 to 1.

The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: ZM's P/B Ratio (120.79) is slightly higher than the industry average of (8.46). P/E Ratio (655.49) is within average values for comparable stocks, (350.48). Projected Growth (PEG Ratio) (0.17) is also within normal values, averaging (7.05). Dividend Yield (0.00) settles around the average of (0.31) among similar stocks. P/S Ratio (56.03) is also within normal values, averaging (16.25).

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ZM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is 96 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. ZM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 23 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Related Ticker: ZM

Momentum Indicator for ZM turns positive, indicating new upward trend

ZM saw its Momentum Indicator move above the 0 level on May 14, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ZM's RSI Oscillator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ZM just turned positive on April 24, 2024. Looking at past instances where ZM's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for ZM crossed bullishly above the 50-day moving average on May 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ZM advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 204 cases where ZM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 52 cases where ZM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

ZM moved below its 50-day moving average on May 23, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ZM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.483) is normal, around the industry mean (30.029). P/E Ratio (31.271) is within average values for comparable stocks, (156.758). Projected Growth (PEG Ratio) (4.989) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (4.411) is also within normal values, averaging (56.275).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ZM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.29B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -0%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 20%. ONMD experienced the highest price growth at 395%, while MTC experienced the biggest fall at -93%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 4%. For the same stocks of the Industry, the average monthly volume growth was 29% and the average quarterly volume growth was 220%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 76
Price Growth Rating: 60
SMR Rating: 84
Profit Risk Rating: 89
Seasonality Score: 12 (-100 ... +100)
Related Portfolios: APPLICATION SOFTWARE
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General Information

a developer of video-first communications platform and application

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
55 Almaden Boulevard
Phone
+1 888 799-9666
Employees
7420
Web
https://www.zoom.com
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