RBC Capital Downgrades ZoomInfo Technologies to Underperform, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria has downgraded ZoomInfo Technologies (ZI) from Sector Perform to Underperform and reduced the price target from $16 to $14. This reflects a more bearish outlook on the company's stock performance.
January 08, 2024 | 4:28 pm
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ZoomInfo Technologies has been downgraded by RBC Capital from Sector Perform to Underperform, with a price target cut from $16 to $14, indicating a negative outlook on the stock.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. The reduction in price target further emphasizes the analyst's bearish stance on the company, which may influence investor sentiment and trading behavior.
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