Joshua Reilly, an analyst from Needham, maintained the Buy rating on ZoomInfo Technologies (GTM – Research Report). The associated price target remains the same with $15.00.
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Joshua Reilly has given his Buy rating due to a combination of factors including the strategic transformation of ZoomInfo Technologies from a point solution provider to a comprehensive go-to-market platform. This shift is expected to engage a broader range of users within organizations, thereby enhancing processes and driving revenue growth.
Reilly also notes that with a clear vision in place, the management is concentrating on key areas such as product development, sales optimization, and capital returns, which are crucial for achieving sustainable revenue growth. Despite the challenges anticipated in the first quarter of 2025, there is an expectation of improved visibility and a positive trajectory as the year progresses, with significant potential for growth in 2026 and beyond.
In another report released on May 13, Stifel Nicolaus also reiterated a Buy rating on the stock with a $14.00 price target.