NASDAQ:ZM   Zoom Video Communications, Inc.
Hype around Zoom is being replaced by hype around Moderna.

P/E for Zoom declines from 600 to 450 as earnings grow. Forward P/E is currently estimated at 150 projecting further earnings growth. That's a lot! Forward PEs for Salesforce and Netflix are 65 and 56 respectively.

If Zoom earnings grow 2x than projected and stock price declines by 33% then PE comes to 50 (years of earnings to justify the stock price). At least comparable to other hot techs.

And what the chart tells us about possible end of correction in Zoom?
Nearest level is probably 310-325 and more distant one is 260-265.

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