ZoomInfo price target raised to $8.54 from $7 at Citi

Citi raised the firm’s price target on ZoomInfo (ZI) to $8.54 from $7 and keeps a Sell rating on the shares post the Q3 report. The firm sees the company’s challenging sales growth trends extending into 2025 amid small business churn and rising competition. Though ZoomInfo’s Q3 revenue “beat a very low bar,” leading indicators continued to suggest deteriorating growth trends, the analyst tells investors in a research note.