Analyst Joshua Reilly of Needham maintained a Buy rating on ZoomInfo Technologies, retaining the price target of $15.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Joshua Reilly has given his Buy rating due to a combination of factors that highlight ZoomInfo Technologies’ strong performance and strategic positioning. The company reported a robust third quarter, with improvements in both upmarket and downmarket segments, reflecting the positive impact of business changes implemented over the past 18 months.
Reilly notes that the guidance for the fourth quarter appears conservative, suggesting potential for outperformance, particularly as visibility in upmarket trends continues to improve and downmarket conditions stabilize. Additionally, ZoomInfo’s ABM product, ZI Marketing, is gaining market share even in a challenging environment, contributing to an increase in non-recurring revenue. The company’s operations remain a strong point, with ongoing demand for its dataset, further supporting the Buy recommendation.
According to TipRanks, Reilly is a 3-star analyst with an average return of 2.2% and a 44.49% success rate. Reilly covers the Technology sector, focusing on stocks such as Jamf Holding, Vertex, and Digimarc.