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Sell Zoom, Says Citi. Competition From Microsoft Means More Downside Ahead.

·1 min read
Sell Zoom, Says Citi. Competition From Microsoft Means More Downside Ahead.

Zoom growth will be hampered by rising competition and macro-related headwinds, a Citi analyst said as he flipped his rating on the stock to Sell from Neutral. Citi’s Tyler Radke said Zoom growth trajectory after the peak of the pandemic has always been challenging.