(ZM) stock surged to a recent high in July but has since collapsed dramatically, breaking below its May lows. Zoom could continue to struggle even at the current valuations. Given the tech rout, we believe that there are plenty of higher-quality growth stocks in the market. Investors need to ask whether the discount in ZM is sufficient for them to bet on a potential recovery through 2024. Our analysis suggests that the market has likely anticipated further headwinds in its SMB segment, given the recession headwinds. Therefore, it appears the worst is not over yet for Zoom. ![]() ZM stock has collapsed dramatically from its recent July highs, decisively breaking below its previous May lows. Zoom: The Struggle Will Likely Continue With The Coming Recession
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