ZoomInfo assumed with a Neutral at DA Davidson

DA Davidson assumed coverage of ZoomInfo (GTM) with a Neutral rating with a price target of $11, up from $10. The firm has come away from the quarter incrementally more positive about the company’s product-market fit, with Q2 outperformance pointing toward improved execution and increased traction with upmarket customer, the analyst tells investors in a research note. Given improving retention trends, upmarket strength, and copilot ARPU benefits, the management also raised its 2025 revenue guide, which implies flat to positive Y/Y growth, the firm added.