As previously reported, Piper Sandler analyst Brent Bracelin upgraded ZoomInfo (ZI) to Neutral from Underweight with a price target of $11, up from $10. The firm says operational challenges remain elevated despite better-than-feared results. Q4 revenue declined year-over-year for the third consecutive quarter. Tepid Q1 growth outlook implies revenue could decline 4%-5% with op-margin sliding to 33%, Piper adds. That said, the firm believes there were promising signs of stabilization after two years of eroding metrics.
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Read More on ZI:
- ZoomInfo price target raised to $12 from $11 at Wells Fargo
- ZoomInfo price target raised to $13 from $11 at Barclays
- Cautious Outlook on ZoomInfo: Sell Rating Amidst Revenue Growth Challenges and Conservative Guidance
- ZoomInfo upgraded to Neutral from Underweight at Piper Sandler
- ZoomInfo Reports 2024 Financial Results and Future Outlook
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