ZoomInfo price target raised to $10.70 from $9.40 at Goldman Sachs

Goldman Sachs raised the firm’s price target on ZoomInfo (GTM) to $10.70 from $9.40 and keeps a Sell rating on the shares. ZoomInfo’s Q3 results showed revenue up 4.7% and a modest 1.5% raise to full year guidance, but shares fell slightly after hours as investors viewed progress as insufficient for a major re-rating, the analyst says in a research note. Upmarket performance and AI initiatives show promise, though persistent down-market weakness and limited large-customer additions continue to weigh on growth, Goldman says, adding that sustained revenue acceleration will likely depend on broader stabilization and meaningful traction from AI-driven offerings like Copilot.