Form 10-Q ZoomInfo Technologies For: Jun 30

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Go back to Form 10-Q ZoomInfo Technologies For: Jun 30

Deutsche Bank Downgrades ZoomInfo Technologies (ZI) to Hold, 'data asset will remain a valuable pillar'

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