Needham Reiterates Buy Rating on ZoomInfo Technologies (ZI)

Needham analyst Joshua Reilly reiterated a Buy rating and $15.00 price target on ZoomInfo Technologies (NASDAQ: ZI).

The analyst comments "We recently caught up with management post the Q4 earnings call and came away increasingly confident the set-up for ZoomInfo moving forward is improving in terms of visibility and growth trajectory. We believe management set 2025 guidance conservatively despite early signs that business trends have stabilized and CoPilot is driving improved bookings for the company. We believe the combination of CoPilot migrations for legacy “Sales” seats and Operations OS in 2025 will support growth trends above current guidance, and the set-up is more favorable for “beat and raises” in 2025 versus any point in the last three years. We believe management's focus on the up-market or customers above 100 employees will prove strategically smart as the business mix increasingly shifts to lower churn and higher cross-sell customer opportunities."

For an analyst ratings summary and ratings history on ZoomInfo Technologies click here. For more ratings news on ZoomInfo Technologies click here.

Shares of ZoomInfo Technologies closed at $11.90 yesterday.

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