Zoom Stock Forecast 2022: A Mixed Bag of Opinions from Analysts

As the world becomes increasingly digital, video conferencing giant Zoom Video Communications (NASDAQ:ZM) has continued to soar in popularity. But as investors look to the future, they're left wondering what's next for the company's stock. In this article, we'll dive into the latest analyst opinions and predictions to get a sense of where Zoom is headed in 2022.

A Consensus Rating of 'Hold'

As of August 22nd, Zoom announced its quarterly earnings results, which sparked a flurry of analyst activity. According to MarketBeat, the company's current consensus rating stands at 'Hold,' with a price target of $129.26. This middling assessment is reflected in the opinions of individual analysts, who have assigned a range of ratings and targets.

A Sell Rating from Credit Suisse Group

Credit Suisse Group was one of the first to weigh in, initiating coverage on Zoom Video Communications and setting a 'neutral' rating with a price target of $83.00. This relatively bearish assessment suggests that the company may struggle to maintain its growth momentum.

Wells Fargo & Company Lowers Price Target

Wells Fargo & Company also chimed in, lowering their price target from $105.00 to $95.00 and assigning an 'equal weight' rating. While this move is less extreme than Credit Suisse's sell rating, it still suggests that Zoom's stock may not be as strong as investors had hoped.

A Buy Rating from MKM Partners

On the other hand, MKM Partners maintained their 'buy' rating on Zoom Video Communications, albeit with a lower price target of $125.00 following a cut to $135.00. This relatively optimistic assessment suggests that the company still has plenty of upside potential.

JPMorgan Chase & Co.'s Price Objective Indicates Potential Upside

JPMorgan Chase & Co. also weighed in, setting a price objective that implies a potential upside of 10.98% from Zoom's previous close. While this is far from a guarantee, it suggests that the company may be poised for further growth.

A Mixed Bag of Opinions from Other Brokerages

Other brokerages have also recently weighed in on Zoom Video Communications. Some, like JPMorgan Chase & Co., have expressed optimism about the company's prospects. Others, like Deutsche Bank Aktiengesellschaft, have taken a more bearish stance. For instance, the latter dropped its price objective from $105.00 to $95.00.

In conclusion, while there are certainly differing opinions among analysts when it comes to Zoom Video Communications' stock forecast for 2022, one thing is clear: the company remains a dominant player in the video conferencing space. As investors look to the future, they'll be closely watching developments on this front to get a sense of where Zoom is headed next.

Zoom stock forecast 2022