ZoomInfo Technologies Shares Climb As It Wields AI, Gears Up For Next Stage Of Growth
Portfolio Pulse from Priya Nigam
Shares of ZoomInfo Technologies Inc (NASDAQ:ZI) climbed after the company released new product features based on Generative AI. Needham analyst Joshua Reilly initiated coverage of ZoomInfo with a Buy rating and a price target of $35, citing the company's potential for accelerated growth and attractive unit economics. The stock's current valuation offers an attractive entry point, especially for those who can wait for a recovery in demand for the company's solutions.
June 28, 2023 | 3:35 pm
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ZoomInfo Technologies' stock climbed after the release of new AI-based product features. Needham analyst Joshua Reilly initiated coverage with a Buy rating and a $35 price target, indicating potential for growth.
The positive analyst rating from Needham, along with the release of new AI-based product features, are likely to boost investor confidence in ZoomInfo Technologies. This could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100