Wells Fargo Maintains Overweight on ZoomInfo Technologies, Lowers Price Target to $28
Portfolio Pulse from jenniferd'souza@benzinga.com
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on ZoomInfo Technologies (NASDAQ:ZI) but lowered the price target from $34 to $28.
August 01, 2023 | 12:36 pm
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NEGATIVE IMPACT
ZoomInfo Technologies' price target has been lowered from $34 to $28 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the short-term value of ZoomInfo Technologies' stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100