Zoom strength will continue after pandemic - JPMorgan

Mar. 30, 2020 10:23 AM ETZoom Video Communications, Inc. (ZM)ZMBy: Brandy Betz, SA News Editor22 Comments
  • Zoom Video's (NASDAQ:ZM) DAUs are up a "staggering" 378% Y/Y, says JPMorgan citing Apptopia data.
  • MAUs are up almost 190% due to the coronavirus-related remote work shift.
  • Analyst Sterling Auty expects Zoom's demand to continue even after the pandemic eases since companies "will want to be prepared to handle disruptions in the future."
  • The analyst says that the business user market is key for remote work-related companies, "and here is where we see Zoom pulling away from the competition."
  • JPMorgan maintains an Overweight rating and $150 PT on Zoom. The company has a Neutral average Sell Side rating.
  • Zoom shares are up 5.9% to $160.65.

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