“In all three price-target cases, we expect the average spending per paying user of Zoom’s video conferencing product to increase from $113 today to $188 in 2026, derived from the current cost of Zoom’s least expensive bundled offering, Zoom United Pro, and an enterprise discount of 25%. Two major contributors to the firm’s 2026 ARPU forecast are (1) Zoom’s core video conferencing, phone, and chat offering and (2) Zoom’s future suite of AI-enabled products and services, ARK Invest wrote in its research. “Excluding knowledge workers from mainland China, we estimate that the addressable number of knowledge workers will grow 11% at a compound annual rate, from 489 million in 2021 to 832 million in 2026.” In our mean projection, we expect 75% of all global knowledge workers to participate in such arrangements, up from 51% in 2021,” the firm wrote. “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. ARK’s open-source Zoom model simulates eight independent inputs to forecast a range of price targets. The firm’s bear and bull cases suggest that Zoom could be worth approximately $700 and $2,000 per share in 2026, respectively. ARK’s price target for Zoom is $1,500 per share in 2026.

Zoom stock price forecast 2021