RBC Capital downgraded ZoomInfo to Underperform from Sector Perform with a price target of $14, down from $16. With the shares up 50% off November lows, the stock “has gotten ahead of itself,” the analyst tells investors in a research note. The firm says ZoomInfos competition is tough and may get even tougher and it has longer term generative artificial intelligence concerns. It also sees potential margin pressure and views the shares as “showing an unfavorable risk/reward.”
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