InvestorPlace contributor Nicolas Chahine recently touted Zoom’s potential for long-term growth, predicting at least 50% upside. Wood isn’t the only one predicting a bullish future for ZM stock, either. Even if the stock doesn’t reach her highly bullish price target, hitting $7oo per share would still be a significant gain for investors. But a vote of confidence from someone like Cathie Wood could be exactly the jumpstart it needs. ZM stock has seen its fair share of bearish energy lately. The exchange-traded fund bought another 100,000 shares of Zoom in May. Tesla was recently beat out for the top position in the ARK Innovation ETF (NYSEARCA: ARKK), however - by none other than ZM stock. Ironically, TSLA stock is another one of Cathie Wood’s top holdings. But Wood’s bullish case effectively denies that things are so black and white. Multiple CEOs - including Tesla (NASDAQ: TSLA) CEO Elon Musk - have called for workers to return to the office. In our mean projection, we expect 75% of all global knowledge workers to participate in such arrangements, up from 51% in 2021.”

“We believe current pivots back to in-office mandates could be part of a trial-and-error process for employers that will increase the percent of workers in hybrid/remote working models during the next five years. Published yesterday, ARK Invest’s bull thesis for ZM stock argues the following: Even her bearish case “points to a stock price of $700.” That’s a gain of more than six times the current price.

But Cathie Wood sees a massive bull run in its future. Investors are questioning Zoom’s long-term growth prospects. As remote work culture has shifted, though, shares have faced turbulence. While markets tanked, ZM spiked alongside Peloton (NASDAQ: PTON) and Shopify (NYSE: SHOP). Zoom is probably most closely associated with the early lockdown days of the pandemic.

Zoom stock news