Canaccord Genuity Maintains Buy on ZoomInfo Technologies, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on ZoomInfo Technologies (ZI) but lowers the price target from $22 to $20.

May 08, 2024 | 5:05 pm
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Canaccord Genuity maintains a Buy rating on ZoomInfo Technologies but lowers the price target from $22 to $20.
The adjustment in price target by Canaccord Genuity reflects a nuanced view on ZoomInfo Technologies' valuation. While the Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in price target suggests a recalibration of expectations, possibly due to market conditions or revised earnings forecasts. This could lead to short-term price volatility as investors adjust to the new target, but the maintained Buy rating suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100