ZoomInfo Technologies (GTM) PT Lowered to $2.50 at Citizens After Mixed Q1 Results
Citizens analyst Austin Cole lowered the price target on ZoomInfo Technologies (NASDAQ: GTM) to $2.50 (from $6.00) while maintaining a Market Underperform rating.
The analyst commented, "We maintain our Market Underperform rating on ZoomInfo Technologies and lower our price target to $2.50 from $6 after the company reported mixed 1Q26 results, with non-GAAP EPS of $0.28 (consensus $0.26) on revenue of $310M (consensus $308M), up 1% y/y, down from 3% last quarter, cRPO of $861M (consensus $845M), up 3% y/y, down from 4% y/y last quarter, and unlevered free cash flow of $120M, versus the consensus of $112M. • Citing “more customer confusion” and “increased macroeconomic uncertainty”, ZoomInfo meaningfully lowered expectations for 2026 on both the top and bottom lines, with: 1) 2Q26 non-GAAP EPS of $0.26-$0.28 (consensus $0.27) and operating income of $103M-$106M (consensus $111M) on revenue of $300M-$303M (consensus $310M), down 2% y/y at the midpoint; and 2) 2026 non-GAAP EPS of $1.10-$1.12 (consensus $1.11) on revenue of $1.185B-$1.205B (consensus $1.259B) (previously $1.247B- $1.267B), representing -4% y/y growth at the midpoint versus the previous range which represented 1% y/ y growth at the midpoint, and unlevered free cash flow of $400M-$420M (consensus $452M) (previously $435M-$465M) — all of which left the stock down ~28% in the aftermarket, after having fallen ~41% year to date versus an ~8% increase for the Russell 3000."
