Citi analyst Tyler Radke downgraded ZoomInfo to Sell from Neutral with a price target of $13, down from $20. The analyst says leading indicators for ZoomInfo, including web traffic and competitive inputs, continue to trend weaker. The firm increasingly has a lack conviction that the company will deliver a meaningful reacceleration in growth in fiscal 2024 with incremental pressure in the sales enablement category and a pick-up in tech sector layoffs again. Meanwhile, the shares still trade at a premium to peers, suggesting potential further downside, contends Citi
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