BofA reinstates ZoomInfo with an Underperform on structural risk

As previously reported, BofA analyst Matt Bullock reinstated coverage of ZoomInfo (GTM) with an Underperform rating and $4 price target While the company generates substantial free cash flows, the 2026 revenue growth outlook “remains challenged” as end-market demand has softened and the company makes major changes to revamp its strategy, the analyst tells investors. Looking past this year’s challenges, the firm thinks the company could face a worsening environment from rapidly intensifying competitive pressures due to the rise of large language models and AI agents, the analyst added.