Posted 3/11/2024, 9:00:00 AM
Cathie Wood's Ark Invest Bets Big on Zoom Rebound, Seeing Over 2000% Growth Potential in 5 Years
- Cathie Wood's Ark Invest has a $13.5B portfolio, with 3.1% invested in Zoom
- Ark sees potential for Zoom stock to reach $1,500 per share by 2026 - a 2,170% increase
- Zoom's growth slowed in 2022 but there is potential to reaccelerate with AI products
- Zoom is expanding into phone, contact center, and AI offerings beyond video conferencing
- At 4.5 x sales, Zoom stock could be a bargain if growth rebounds over the next 5 years