Wolfe Research last night downgraded ZoomInfo to Peer Perform from Outperform with a $15-$21 fair value range for the shares. The company reported Q2 results that missed expectations while its 2023 revenue and free cash flow outlook were both revised down substantially, the analyst tells investors in a research note. After “three disappointing prints out of the last four, this is the first time that we are unable to point to a redeeming metric,” the firm contends.
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