Barclays Downgrades ZoomInfo Technologies to Equal-Weight, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has downgraded ZoomInfo Technologies (NASDAQ:ZI) from Overweight to Equal-Weight and set a price target of $18. This change reflects a revised outlook on the company's stock by the analyst.

January 12, 2024 | 10:25 am
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Barclays has downgraded ZoomInfo Technologies from Overweight to Equal-Weight and established a price target of $18, indicating a neutral outlook on the stock's future performance.
The downgrade from Overweight to Equal-Weight by Barclays suggests that the analyst believes ZoomInfo Technologies no longer has the strong upside previously anticipated. The new price target of $18 provides a benchmark for investors, potentially leading to a neutral short-term impact on the stock as the market digests this new valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100