ZoomInfo price target raised to $11 from $9 at Barclays

Barclays raised the firm’s price target on ZoomInfo (ZI) to $11 from $9 and keeps an Equal Weight rating on the shares. The firm sees ZoomInfo shares going higher post a Q1 that saw a revenue and profitability beat. The company is executing on its upmarket pivot with an assist from cross-sell opportunities, though investor confidence in this momentum is slightly suppressed by a “prudent” fiscal 2025 revenue outlook, the analyst tells investors in a research note.