Citigroup Downgrades ZoomInfo Technologies to Sell, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke downgraded ZoomInfo Technologies (ZI) from Neutral to Sell and reduced the price target from $20 to $13.

February 08, 2024 | 12:25 pm
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NEGATIVE IMPACT
Citigroup downgraded ZoomInfo Technologies to Sell and lowered the price target to $13.
The downgrade from Neutral to Sell by a major financial institution like Citigroup, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment towards ZoomInfo Technologies in the short term. This could lead to a decrease in the stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100