UPDATE: RBC Capital Assumes ZoomInfo Technologies (ZI) at Outperform

August 3, 2021 1:30 AM EDT
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Price: $67.85 +0.04%

Rating Summary:
    17 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - August 3, 2021 4:29 AM EDT)

RBC Capital analyst Rishi Jaluria assumes coverage on ZoomInfo Technologies (NASDAQ: ZI) with a Outperform rating and a price target of $70.00 (from $60.00).

The analyst comments "ZI posted a strong beat-and-raise quarter with full year guidance coming in nicely above the street leading shares up 10% AMC. Organic growth accelerated to 54% Y/Y (vs. up 50% in 1Q) driven by success among enterprise and international customers. We came out ofthe quarter incrementally positive on ZI's market positioning (bolstered by the recent acquisition of Chorus.ai) and growth prospects and assume coverage with an Outperform rating."

For an analyst ratings summary and ratings history on ZoomInfo Technologies click here. For more ratings news on ZoomInfo Technologies click here.

Shares of ZoomInfo Technologies closed at $54.78 yesterday.

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