ZoomInfo shares fall 20% after missing on revenue, revising guidance lower; Deutsche Bank cuts rating
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Go back to ZoomInfo shares fall 20% after missing on revenue, revising guidance lower; Deutsche Bank cuts rating
August 2, 2023 1:41 PM EDT
Wolf research downgraded software company ZoomInfo (NASDAQ: ZI) to a Peer Perform rating (From Outperform), with a $15-$21 FV range, following the companys 2Q earnings release.
ZI reported 2Q23 revenue of $308.6M (missing consensus estimates of $310.94M), marking the company's first guidance miss as a public company. Operating... More
August 1, 2023 5:11 AM EDT
Deutsche Bank analyst Brad Zelnick downgraded ZoomInfo Technologies (NASDAQ: ZI) from Buy to Hold with a price target of $20.00 (from $31.00).
The analyst comments "We downgrade shares of ZoomInfo to Hold from Buy following disappointing 2Q results that largely suffered from further deterioration and down selling within the tech customer vertical. While we are implicitly closer to a bottom and... More
August 1, 2023 4:28 AM EDT
DA Davidson analyst Gil Luria lowered the price target on ZoomInfo Technologies (NASDAQ: ZI) to $34.00 (from $40.00) while maintaining a Buy rating.... More
August 1, 2023 4:14 AM EDT
Barclays analyst Raimo Lenschow lowered the price target on ZoomInfo Technologies (NASDAQ: ZI) to $25.00 (from $34.00) while maintaining a Overweight rating.... More
