ZoomInfo Technologies (GTM) PT Lowered to $4.25 at DA Davidson to Reflect Sector Headwinds

DA Davidson analyst Clark Wright lowered the price target on ZoomInfo Technologies (NASDAQ: GTM) to $4.25 (from $4.50) while maintaining a Neutral rating.

The analyst commented, "Consistent with commentary from the 2Q earnings call, management continues to see the largest opportunity in the upmarket customer segment which remains more resilient, driving a favorable mix shift that supports retention and monetization over time...We are leaving our estimates unchanged and modestly lowering our price target to $4.25 (6x '27 uFCF) from $4.50 to reflect sustained software-related headwinds through year-end, as well as potential displacement risks as enterprise GTM technology stacks evolve to incorporate AI-native tools."

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