Zoom's market cap, meanwhile, was about $116 billion, over five times its value at the beginning of 2020. Smartsheet's market cap on Friday was about $8.8 billion and Dropbox's was about $9.7 billion. To buy Smartsheet, RBC predicts that Zoom would need about 24 million shares, while it would need about 26 million shares to compensate Dropbox shareholders. "We believe Zoom's unmatched share gains and market pull-forward will force the company to more urgently think about its growth ambitions, especially in 2022 as incremental video conferencing gains will be harder, and thus the company's growth will rely on Zoom Phone or other new products (both internally developed and acquired)," RBC analysts wrote. Additionally, Zoom's unprecedented rise this year may have it looking to diversify its product portfolio in the future. Analysts cited Salesforce's recent blockbuster acquisition of Slack as creating a key moment for other collaboration players to think about how the market is evolving to favor product suites over individual tools. Zoom could acquire Smartsheet and Dropbox to create a "collaboration titan," RBC wrote in its 2021 software outlook report. The equity-research firm RBC Capital Markets made some bold predictions for what Zoom could do in 2021 to become a dominant player in the collaboration space and compete more effectively with behemoths like Microsoft and Google. Visit Business Insider's homepage for more stories.Davidson's Rishi Jaluria both anticipate more M&A and consolidation in the collaboration space next year, with smaller companies like Dropbox and Smartsheet as key targets. If Zoom were to acquire both companies, it could generate about 60% more revenue than it can as a standalone company, the analysts said.With Dropbox and Smartsheet, Zoom could create a "unified, broad bundle of solutions that's not just about video and voice, but also what you do after the meeting and what you do before the meeting," on analyst told Business Insider.Analysts at RBC Capital Markets predict that Zoom could buy Smartsheet and Dropbox in 2021 to compete more effectively with behemoths like Microsoft and Google.
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