Analyst Joshua Reilly of Needham maintained a Buy rating on ZoomInfo Technologies (ZI – Research Report), with a price target of $15.00.
Joshua Reilly has given his Buy rating due to a combination of factors that highlight ZoomInfo Technologies’ strong performance and strategic positioning. The company reported robust fourth-quarter results, with a notable improvement in net revenue retention, marking the first sequential increase since early 2022. This improvement is attributed to strategic go-to-market and product changes that have better positioned ZoomInfo to target the up-market customer segment, which is expected to grow significantly by the end of 2025.
Furthermore, the growth in key areas such as CoPilot and Operations OS indicates a positive trajectory, with substantial increases in annual contract value. Management’s conservative guidance for 2025 suggests a potential for exceeding expectations as the year progresses. Given the current valuation and the potential for multiple expansion following the positive Q4 results, Reilly sees a favorable investment opportunity in ZoomInfo Technologies.