UPDATE: Wolfe Research Starts ZoomInfo Technologies (ZI) at Outperform

April 22, 2021 4:26 PM EDT
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Price: $42.98 -5.68%

Rating Summary:
    16 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 38 | Down: 18 | New: 7
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(Updated - April 22, 2021 4:44 PM EDT)

Wolfe Research analyst Alex Zukin initiates coverage on ZoomInfo Technologies (NASDAQ: ZI) with a Outperform rating and a price target of $60.00.

The analyst comments "We see a $1B+ incremental upsell opportunity within the enterprise base on seat count growth as well as a significant opportunity selling new products such as Engage, Recruiting & Marketing. In addition, we see the company continuing to expand its international presence where it remains early innings from both a market opportunity and competition standpoint. Our upside model calls for subscription revenues to accelerate to +46% Y/Y in FY21, (+8% upside vs. consensus estimates) and 43% in FY22 or 20% upside vs. consensus."

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 $49.10 yesterday.

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