Piper Sandler Downgrades ZoomInfo Technologies to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin downgraded ZoomInfo Technologies (ZI) from Overweight to Neutral and reduced the price target from $24 to $15.

May 08, 2024 | 9:14 am
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NEGATIVE IMPACT
ZoomInfo Technologies was downgraded by Piper Sandler from Overweight to Neutral, with a price target reduction from $24 to $15.
The downgrade by a prominent analyst and a significant reduction in the price target are likely to negatively impact investor sentiment and the stock price of ZoomInfo Technologies in the short term. Analyst ratings and price targets are closely watched by investors as indicators of a stock's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100