Wall Street thinks Zoom, Slack and these 2 other companies could see their stock prices soar as the coronavirus means more people work remotely
, cloud software companies like Zoom, Slack, and Dropbox could actually benefit from increased usage, analysts say.
RBC analysts highlight that companies in the software space typically are not affected by what's happening overseas or in China, whereas other technology companies may have supply chains in China. "There's now little question that Coronavirus is driving near-term opportunities, but increasingly could drive longer-term behavioral changes that include more video conferencing," Power writes in a research note published Friday.
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