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ZoomInfo’s Stock Soars: Jefferies Ups Target to $24

ZoomInfo Technologies receives positive outlook adjustment from Jefferies, with raised price target and Buy rating. Strong financial position, impressive profit margins, and revenue growth make it appealing to investors. However, lower margins forecasted.

by Mark Eisenberg
Tue, Feb 13, 2024 1:59pm
in Stock Market
• 2 mins read
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ZoomInfo's Stock Soars: Jefferies Ups Target to  | FinOracle

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ZoomInfo Technologies Receives Positive Outlook Adjustment from Jefferies

ZoomInfo Technologies has received a positive outlook adjustment from Jefferies on Tuesday, with the firm raising its price target for the stock from $20.00 to $24.00 while maintaining a Buy rating. Jefferies’ analysis shows that ZoomInfo has exceeded expectations, with its 2024 guidance surpassing predictions.

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