BofA raised the firm’s price target on ZoomInfo (GTM) to $12 from $10 and keeps an Underperform rating on the shares. ZoomInfo reported “good” Q3 results and the firm is “more constructive on ZoomInfo’s execution potential,” but it believes the company could underperform its front office software peers until its unlevered free cash flow growth and margin inflects higher like revenue.
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Read More on GTM:
- Cautious Outlook on ZoomInfo: Sell Rating Amid uFCF Concerns and Customer Retention Challenges
- ZoomInfo price target raised to $10.70 from $9.40 at Goldman Sachs
- ZoomInfo price target raised to $10 from $9 at KeyBanc
- ZoomInfo Technologies: Strong Performance and Strategic Positioning Drive Buy Rating
- ZoomInfo price target raised to $14 from $13 at Barclays