Scotiabank raised the firm’s price target on ZoomInfo (ZI) to $11 from $10.30 and keeps a Sector Perform rating on the shares. The company’s Q4 revenue beat represented its largest since Q2 of 2022, the analyst tells investors. Additionally, ZoomInfo’s FY25 revenue guidance seems conservative, but the company anticipates a decline downmarket slightly greater than that in 2024, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZI:
- ZoomInfo Technologies: Balancing Strong Q4 Performance with Growth Sustainability Concerns – Hold Rating Maintained
- Home Depot upgraded, Flywire downgraded: Wall Street’s top analyst calls
- ZoomInfo price target raised to $9.50 from $8 at BofA
- Sell Rating for ZoomInfo Technologies Amid Strategic Shifts and Growth Concerns
- ZoomInfo price target raised to $13 from $11 at Morgan Stanley