Raymond James lowered the firm’s price target on ZoomInfo to $28 from $33 and keeps an Outperform rating on the shares. ZoomInfo’s Q1 results were roughly in line with estimates, though overall growth was impacted by softening trends within the software vertical, the analyst tells investors in a research note. The firm thinks some softness is priced in, with shares down 28% year-to-date following a challenging 2022.
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Published first on TheFly
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Read More on ZI:
- ZoomInfo price target lowered to $31 from $34 at Deutsche Bank
- ZoomInfo sees FY23 adjusted EPS 99c-$1.01 vs. prior 98c-$1.00
- ZoomInfo sees Q2 adjusted EPS 22c-23c, consensus 23c
- ZoomInfo reports Q1 EPS 24c, consensus 22c
- ZoomInfo Technologies options imply 8.5% move in share price post-earnings
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