ZoomInfo Technologies shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $30 to $28.
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo Technologies' shares are trading lower following a downgrade by RBC Capital from Outperform to Sector Perform. RBC Capital also reduced its price target for the stock from $30 to $28.
July 24, 2023 | 12:26 pm
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ZoomInfo Technologies' stock was downgraded by RBC Capital, which also lowered its price target. This has led to a decrease in the stock's trading price.
The downgrade by RBC Capital from Outperform to Sector Perform indicates a less optimistic outlook for the company. Additionally, the reduction in price target from $30 to $28 suggests that the stock may not perform as well as previously expected. These factors are likely to negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100