ZoomInfo initiated with a Buy at BTIG

BTIG initiated coverage of ZoomInfo (GTM) with a Buy rating and $13 price target The company is supercharging day-to-day tasks with AI-driven insights for sales reps, AEs, account managers, RevOps, and marketing leaders, the analyst tells investors in a research note. With upmarket ACV growth accelerating to 6% and management’s prudent Q4 guidance calling for continued 6% ACV growth, the firm sees high potential in ZoomInfo transitioning to a 6% grower over the next few years, the firm added.