ZoomInfo downgraded to Underweight from Neutral at Piper Sandler

Piper Sandler downgraded ZoomInfo (ZI) to Underweight from Neutral with a price target of $10, down from $11. The company’s turnaround may take longer on “aggressive competitive pricing that could become a spoiler,” the analyst tells investors in a research note. Piper sees few catalysts for the shares until ZoomInfo’s revenue rebounds from this $1.2B “plateau.” The firm says its top picks for 2025 in cloud applications and analytics are centered on large and strategic vendors best poised to capitalize on artificial intelligence trends. 2025 and 2026 could usher in a renewed appetite to invest in the application and data layers after three years of moderating growth, the analyst tells investors in a research note.