Zoom’s (ZM) penetration of the mainstream came seemingly out of nowhere. It is hard to remember that outside of business circles, not many knew about the app two months ago. With the share price appreciating by 70% since the turn of the year, there’s no doubt it has been one of this strange period’s success stories. But has the stock climbed too fast, too soon? It appears one 5-star analyst thinks so.Brad Zelnick of Credit Suisse downgraded Zoom from Neutral to Underperform, although the price target gets a boost – from $95 to $105. The new figure indicates Zelnick foresees …read more
Source:: Yahoo Finance
