Mizuho Downgrades ZoomInfo Technologies to Neutral, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Siti Panigrahi downgraded ZoomInfo Technologies (ZI) from Buy to Neutral and reduced the price target from $23 to $14.

May 08, 2024 | 11:11 am
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NEGATIVE IMPACT
ZoomInfo Technologies was downgraded by Mizuho from Buy to Neutral, with a price target reduction from $23 to $14.
Analyst downgrades typically lead to a negative short-term impact on the stock price, especially with a significant reduction in the price target. This downgrade reflects a less optimistic outlook on ZoomInfo's future performance, which could influence investor sentiment and lead to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100