The emergence of a new COVID-19 variant dubbed omicron has raised concerns about the potential for a reintroduction of pandemic restrictions worldwide. The potential return of travel restrictions and remote work and lifestyles should drive the demand for solutions offered by Zoom Video (ZM), Twilio (NYSE:TWLO), CrowdStrike (CRWD), and DocuSign (NASDAQ:DOCU). Therefore, Wall Street analysts expect these stay-at-home stocks to deliver solid upside in the near term. So, let’s examine these names.The omicron variant was first identified by scientists in South Africa last week. Since then, several other countries have confirmed cases of the new strain, with few other reporting suspected cases. Consequently, several countries have begun imposing fresh travel restrictions.
Scientists fear that the omnicron strain could be more transmissible and have higher resistance to vaccines. Due to the omicron threat, people may again prefer to stay indoors, and companies may return to remote working. As a result, the demand for digital platforms and solutions could increase.
Given this backdrop, we think it could be worth betting on stay-at-home stocks Zoom Video Communications , Inc. (NASDAQ:ZM), Twilio Inc. (TWLO), CrowdStrike Holdings, Inc. (NASDAQ:CRWD), and DocuSign, Inc. (DOCU). Wall Street analysts expect these stocks to witness a solid upside in the near term.