tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ZoomInfo initiated with an Underweight at Wells Fargo

Wells Fargo initiated coverage of ZoomInfo (GTM) with an Underweight rating and $10 price target The firm sees “a mixed setup” due to lower growth and retention rates coupled with improving free cash flow generation and new growth opportunities in AI, the analyst tells investors. The firm cites mixed upmarket momentum, an uncertain SMB backdrop and an evolving AI competitive environment among the reasons for its Underweight rating.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1