Analyst Joshua Reilly of Needham maintained a Buy rating on ZoomInfo Technologies, retaining the price target of $15.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight ZoomInfo Technologies’ promising outlook. The company reported strong second-quarter results, surpassing revenue estimates by 340 basis points, which aligns with their guidance and suggests positive revenue growth for the year. This performance indicates that the company is effectively navigating down-market trends, with expectations for improved visibility in the latter half of 2025 as new business risk models take full effect.
Furthermore, the appointment of Graham O’Brien as CFO, following the interim period, is seen as a step towards re-establishing confidence in ZoomInfo’s operating model. The company’s strategic focus on expanding its offerings beyond point solutions to a comprehensive platform, with key initiatives like CoPilot, GTM Studio, and DaaS, positions it well for future growth. These factors collectively underpin Reilly’s positive outlook and Buy rating for ZoomInfo Technologies.
Reilly covers the Technology sector, focusing on stocks such as Bandwidth, ZoomInfo Technologies, and Karooooo. According to TipRanks, Reilly has an average return of 1.1% and a 41.70% success rate on recommended stocks.
In another report released on July 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $12.50 price target.