You even have Facebook testing virtual reality (VR) meetings with their employees. And companies are bending over backwards to meet that demand. Many employees have even reported that they would quit their jobs if forced to come into the office.Ĭlearly, we see strong demand for remote work driving tech stocks. The report also shows an 87% increase in remote work from pre-pandemic levels. Today, one in four Americans works from home, according to a report from Upwork. But the virus did help accelerate our path there. Why Zoom Stock Is Not Done YetĬOVID-19 or not, telework was already set to become more commonplace. That's fueling our Zoom stock forecast for 2025 and beyond. People tapped into it long after lockdowns peaked. Really, video communication only showed us a fraction of its potential that year. Well, the market could not be more wrong. Since the rise, Zoom has lost about 52%, now trading around $276. Somehow, the market thought this was only temporary. Between January and October 2020, Zoom stock soared from $66 to $559, a gain of 746%. (NYSE: ZM) may have been the most buyable stock of the year when the pandemic started.
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