ZoomInfo Technologies (ZI) PT Raised to $30 at BofA Securities

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Go back to ZoomInfo Technologies (ZI) PT Raised to $30 at BofA Securities

ZoomInfo (ZI) sinks as RBC downgrades on GenAI worries

July 24, 2023 8:43 AM EDT

Shares of ZoomInfo Technologies (NASDAQ: ZI) fell over 4% in pre-open trading Monday after RBC Capital downgraded the stock citing GenAI and intensifying competition.

Analyst Rishi Jaluria downgraded the stock to Sector Perform from Outperform with a price target of $28 (down from $30).

With shares up 40% off May lows (vs. IGV up 23%), we believe now is the right time to trim exposure given: 1) checks... More