5 ZoomInfo Technologies Analysts On Renewal Down-Sells Impacting Q2 Print, Outlook
Portfolio Pulse from Priya Nigam
ZoomInfo Technologies Inc (ZI) shares dropped after the company reported mixed Q2 earnings and weak guidance. Analysts from Piper Sandler, Mizuho Securities, Truist Securities, Needham, and JMP Securities provided their insights, with most reducing their price targets. The company's revenue shortfall and lowered outlook for 2023 were highlighted as concerns, with software renewals identified as a key challenge.
August 04, 2023 | 9:30 am
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NEGATIVE IMPACT
ZoomInfo's Q2 earnings report and weak guidance have led to a drop in its share price. Analysts have reduced their price targets due to concerns over a revenue shortfall and challenges with software renewals.
ZoomInfo's Q2 earnings report was mixed, and the company provided weak guidance for the future. This has led to a drop in its share price. Analysts have reduced their price targets due to concerns over a revenue shortfall and challenges with software renewals. This negative news is likely to impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100