ZoomInfo Technologies shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $20 to $25.
Portfolio Pulse from Benzinga Newsdesk
ZoomInfo Technologies' stock is trading higher following an upgrade from B of A Securities, which changed its rating from Neutral to Buy and increased the price target from $20 to $25.

January 29, 2024 | 1:37 pm
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POSITIVE IMPACT
ZoomInfo Technologies' stock has received a positive rating upgrade from B of A Securities, moving from Neutral to Buy, with a raised price target from $20 to $25, indicating a bullish outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance and outlook for the company. The increase in price target further strengthens investor confidence, suggesting that the stock is undervalued at its current price. Given that the upgrade is from a reputable firm, B of A Securities, it is likely to be taken seriously by the market, leading to a short-term increase in the stock price of ZoomInfo Technologies.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100