Goldman Sachs Downgrades ZoomInfo Technologies to Neutral, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan has downgraded ZoomInfo Technologies from Buy to Neutral and lowered the price target from $30 to $17.
November 01, 2023 | 9:02 am
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NEGATIVE IMPACT
ZoomInfo Technologies has been downgraded from Buy to Neutral by Goldman Sachs, with a lowered price target from $30 to $17.
The downgrade from Buy to Neutral by Goldman Sachs indicates a less optimistic outlook for ZoomInfo Technologies. The lowered price target from $30 to $17 suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100