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Barchart
Barchart
Mohit Oberoi

Here’s Why Zoom Video Stock Looks Like a Cheap Value Play in 2024

Zoom ZM Zoom Video Communications Meta Amazon.com Inc. CHGG Microsoft PTON TDOC

Only a couple of years back, perhaps no one could have envisioned that we would be talking about Zoom Video Communications (ZM) today as a value stock. However, the former “stay-at-home” winner peaked in 2020, and currently trades at a tiny fraction of its all-time highs.

To be sure, it wouldn’t be fair to single out Zoom here. Most other market darlings of the COVID-19 pandemic era - including names like Teladoc (TDOC), Peloton (PTON), and Chegg (CHGG) - also trade way below their all-time highs and have been underperforming the markets, just like Zoom stock.

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