Technical traders reviewing ZM stock forecast patterns see a well-defined ascending channel. A sustained close above the 200-day moving average at $67.50 could confirm a medium-term uptrend. We can use this to forecast FCF for the next 12 months (NTM) and then set a price target. At its current price of $75, ZM stock is valued at 5.1x trailing revenues, trading below its four-year average price-to-sales ratio of 7.2x. While some reduction in valuation multiple compared to historical averages is reasonable given the company’s decelerating revenue growth and declining enterprise customer base, we believe the current gap is wide and suggests potential for share price appreciation from present levels. Weekly ZM stock forecast updates show consistent volume accumulation around the $65 mark. This suggests institutional accumulation, often preceding price rallies in growth-oriented tech stocks.
