Wells Fargo raised the firm’s price target on ZoomInfo (ZI) to $12 from $11 and keeps an Equal Weight rating on the shares. The firm notes ZoomInfo’s Q4 showed progress with strongest upside in 2-plus years and early signals suggesting 2025 guide conservative. This is a step towards improving execution and return to pos growth, but few more consistent quarters needed for shares to reflect, Wells adds.
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Read More on ZI:
- 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
- Closing Bell Movers: Intuit up 6%, Workday up 11% on earnings
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