Zoom Video is here to stay and its stock could climb more than 40%, Bank of America says

Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.
Kena Betancur | Getty Images

The rollout of vaccines has raised hopes for the eventual end of the Covid-19 pandemic, but one of the big winners of the work-from-home boom isn't going away, according to Bank of America.

The firm reinstated coverage of Zoom Video with a buy rating on Tuesday, saying that the company's stock could soar again this year and erase much of its slide in recent months.