As previously reported, BofA upgraded ZoomInfo to Buy from Neutral with a price target of $25, up from $20. The firm, which calls ZoomInfo a “classic self-help story,” highlights three reasons to get bullish. Namely, it sees better execution driving revenue growth reacceleration; it sees new AI products driving higher monetization; and it says the coming end of the interest rate hiking cycle is bullish for small-to-mid cap software stocks like ZoomInfo.
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