Stifel lowered the firm’s price target on ZoomInfo to $16 from $20 and keeps a Buy rating on the shares. The firm conducted a survey of 25 customers ahead of ZoomInfo’s fiscal Q2 earnings report due on August 5 and tells investors that feedback related to net retention was the most positive within the survey, which it viewed to be the most critical set of data points. Survey results point towards a recovery in NRR in both SMBs and MM customers, notes the firm.
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