Needham analyst Joshua Reilly has maintained their bullish stance on ZI stock, giving a Buy rating on February 26.
Joshua Reilly has given his Buy rating due to a combination of factors that suggest a positive outlook for ZoomInfo Technologies. After engaging with the company’s management following their Q4 earnings call, he has gained increased confidence in the company’s future performance. The management’s conservative guidance for 2025, coupled with early signs of business stabilization and improved bookings driven by CoPilot, indicates a favorable growth trajectory.
Reilly believes that the strategic focus on migrating legacy ‘Sales’ seats to CoPilot and expanding Operations OS will bolster growth trends beyond current expectations. Additionally, the emphasis on targeting larger customers with over 100 employees is seen as a smart move, as it is likely to reduce churn and enhance cross-selling opportunities. These factors collectively contribute to a more favorable environment for ZoomInfo to exceed its financial targets in 2025, justifying the Buy rating.
In another report released on February 26, Stifel Nicolaus also maintained a Buy rating on the stock with a $14.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZI in relation to earlier this year.
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