ZoomInfo shares target lifted despite cautious growth outlook amid SMB headwinds

Posted under: SMB
Date: 2024-11-15
ZoomInfo shares target lifted despite cautious growth outlook amid SMB headwinds

DA Davidson raised ZoomInfo's (ZI) price target to $13, citing strong cash flow prospects despite SMB challenges and a cautious Q4 forecast. Q3 highlights include $304M revenue, $112M operating income, and enterprise clients driving 44% of annual contract value. Copilot contributed $60M, boosting migrations. Full-year revenue guidance is $1.201B–$1.204B, with strong unlevered free cash flow expectations.

Read more at: www.investing.com