ZoomInfo price target raised to $12 from $11 at Piper Sandler

Piper Sandler raised the firm’s price target on ZoomInfo (GTM) to $12 from $11 and keeps a Neutral rating on the shares. A return to positive growth, positive commentary around upmarket momentum, and cross-sell traction are encouraging indicators of the company’s path forward, the firm notes. That said, 2025 guidance implies only +0.5% year-over-year growth for the year and the down-market segment. While Piper is increasing its price target the firm thinks it remains prudent to wait for additional signs of a sustainable return to growth.