These Analysts Increase Their Forecasts On ZoomInfo After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
ZoomInfo Technologies Inc. (NASDAQ:ZI) reported Q4 earnings surpassing analyst expectations with earnings of 26 cents per share and sales of $316.4 million. The company forecasts FY 2024 adjusted operating income between $492 million and $502 million, with earnings between 99 cents and $1.01 per share. Following the report, ZoomInfo shares rose 12.5% to $18.01. Analysts from Piper Sandler, DA Davidson, RBC Capital, and Needham updated their price targets and ratings on ZoomInfo.
February 13, 2024 | 4:25 pm
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POSITIVE IMPACT
ZoomInfo Technologies Inc. reported Q4 earnings above expectations and provided a positive FY 2024 outlook, leading to a 12.5% increase in its stock price. Analysts have updated their price targets and ratings.
The positive earnings report and optimistic FY 2024 outlook directly impact ZoomInfo's stock price, leading to a significant increase. Analysts' updated price targets and ratings further validate the company's strong performance and future potential, likely contributing to continued investor interest and potentially higher stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100